CRUDE_ CLX17  #crudeoilfutures

Weekly – Second week above the 25×5 moving average. Trade pressures are up. Volumes are bullish for the second week also.

Daily – Flat. In consolidation at the 51.18 upside target. Trade pressures are up. Volumes are bullish.

The next target up is 54.30.

A close below 49.74 would signal a new leg down.

 

NAT GAS_ QNX17  #naturalgasfutures

Weekly – Remains in the downtrend but testing the 25×5 moving average resistance. Trade pressures are up. Volumes are bearish again.

Daily –
Flat. In the move up from the 3.02 level. Trade pressures are down. Volumes have returned to bearish.

This close below 3.03 triggers a new move  down. The next target down is 2.84.

The daily ranges are too wide relative to  the target levels, so no trade.