CRUDE_ CLK17  #crudeoilfutures

Weekly – In this long move inside a defined channel. Trade pressures are down. Volumes are mixed neutral-bearish-neutral.

Daily – Flat. The break down of the $52 lower boundary has sent price down to the 47.71 target. Trade pressures are down and oversold. Volumes are bearish but finished the week with very light trading.

A close above 50.36 would signal higher.

 

NAT GAS_ QNK17  #naturalgasfutures

Weekly – In the down trend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. The long trade from 2.89 was stopped out for a break-even. Trade pressures are down into the neutral zone. Volumes are bearish.

Sitting on the prior long entry now. Watch the daily trade pressures.The next target up is 3.38.

A close below 2.72 would signal a resumption of the move down.

Trading the mini contract to lower risk.