CRUDE_ CLV17  #crudeoilfutures

Weekly – Meeting resistance at the 25×5 moving average. Trade pressures are down but rising. Volumes have changed from bearish to neutral.

Daily – Flat. The long trade from 47.51 was stopped out at 48.12 for a small gain. Trade pressures are up but declining into the neutral zone.

Hurricane IRMA is introducing uncertainty.

The next target up is 50.63.

A below the low 45.58 pivot would signal lower.

 

NAT GAS_ QNV17  #naturalgasfutures

Weekly – Basing in the long downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Continues to consolidate around the entry price of 2.95. Trade pressures are now down. Volumes have changed from neutral to bearish.

No trade here. The next target up is 3.09.

Support at 2.81.