CRUDE_ CLH17  #crudeoilfutures

Weekly – Sideways, in the downtrend and just above the flat 25×5 Moving average. Trade pressures are down. Volumes ahve changed to neutral from bullish.

Daily – Flat. Also in the downtrend with no slope. Trade pressures are up. Volumes are mixed Bullish, Neutral, then Bullish.

The move is captured between the 51.47 low and the 54.25 channel high.

Looking for a breakout in either direction for an entry.

 

NAT GAS_ QNH17  #naturalgasfutures

Weekly – Six weeks into this down move. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In this second leg down from the 3.33 short entry level. Trade pressures are down but turning up. Volumes are mixed neutral to bearish.

At the 3.03 profit target.

The next target down is 2.73. Good support here, so take these profit targets, if short.