CRUDE_ CLU17  #crudeoilfutures

Weekly – A six week rally in the downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Trade pressures are up but showing divergence. Volumes are bullish.

A new short entry is indicated at 47.90.

But the uptrend is still in place above the 25×5 moving average at 47.18.

Wait and watch the support; may just be a pullback for a further move up.

 

NAT GAS_ QNU17  #naturalgasfutures

Weekly – Grinding lower. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move down from the 2.92 short entry level. Trade pressures are down. Volumes remain bearish.

The next target down is 2.65.

A close above 2.90 would signal higher.