CRUDE_ CLQ17  #crudeoilfutures

Weekly – The long downtrend continues. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Very close to the downside target of 41.70. Trade pressures are down and trending. Volumes are bearish.

Expect some consolidation or retracement here.

The next target down is the 41.70.

A close above 43.91 would signal higher.

[6-27-17: Long the August contract at 43.91.]

[6-28-17: raise stops to the 43.91 breakeven.]

 

NAT GAS_ QNQ17  #naturalgasfutures

Weekly – Continuing lower lows. Trade pressures are down. volumes are bearish.

Daily – Flat. At the 2.83 lower targets now. Trade pressures are down but rising. Volumes are bearish.

A close above 2.98 would signal higher.