CRUDE_ CLN17  #crudeoilfutures

Weekly – Remains in the downtrend. Trade pressures are up. Volumes are bearish.

Daily –  Flat.  Trade pressures are down into the neutral zone. Volumes change first to bearish and now neutral into the holiday.

The decision the trade out of the June contract proved correct as the oil cartel can’t seem to balance the demand and supply.

Still in the uptrend above the 47.61 support.  Must wait to see if this holds.

 

NAT GAS_ QNN17  #naturalgasfutures

Weekly – Still in the downtrend even after the rally attempt. Trade pressures are down into the neutral zone. Volumes have changed from bullish to neutral.

Daily –  Flat. Trade pressures are down. Volumes are bearish.

The next long entry level is 3.37.

The next short entry level is 3.21.