CRUDE_ CLX17  #crudeoilfutures

Weekly – Continues the move up. Trade pressures are up. Volumes are bullish. Resistance is at the 54.50 level.

Daily – Flat. In the move up from the 48.08 entry level. Trade pressures are up. Volumes remain bullish.

The next target up is 54.30.

A close below support at the 25×5 moving average would signal lower.

 

NAT GAS_ QNX17  #naturalgasfutures

Weekly – Nothing new. Trade pressures are down into the neutral zone. Volumes are now neutral.

Daily – Flat. The rally form the the 3.00 entry level to the 3.26 first target has failed. Trade pressures are up into the neutral zone. Volumes are bearish.

Too much volatility for a trade.