CRUDE_ CLJ17  #crudeoilfutures

Weekly – The down trend continues. Trade pressures are down. Volumes have changed to bearish.

Daily – Flat. As expected, the breakdown from the 52 level accelerated the move down. Trade pressures are down. Volumes remain bearish.

The next target down is 46.71.  Use this level as a marker to add to equity positions in the the energy stocks.

A close above 51.89 would signal higher.

Use 51.89 as a stop, if short.

 

NAT GAS_ QNJ17  #naturalgasfutures

Weekly – Remains in the downtrend. Trade pressures are down but turning up. Volumes remaion bearish.

Daily – Long. The move thru 2.89 has triggered the long entry. Trade pressures are up. Volumes are bullish.

At the 25×5 resistance. The next target up is 3.36.

The stop were raised to the entry price – 2.89.

The weekly remains in the move down, so take profits at the next target.