CRUDE_ CLJ17  #crudeoilfutures

Weekly – Still in the sideways move. Trade pressures are down but are turning higher. Volumes remain bullish.

Daily –  Flat. Trade pressures have been up for the last 12 days. Volumes are mixed bullish to neutral.

Still in the 52 -54 channel.

Need a close above 55.44 to confirm a new uptrend.

A break down below the 52 level would signal lower.

 

NAT GAS_ QNJ17  #naturalgasfutures

Weekly – Hard down. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move down from the 3.74 level. Trade pressures are down. Volumes have changed to neutral.

The next target down is 2.33.

A close above 2.91 could signal higher.