CRUDE_ CLZ17  #crudeoilfutures

Weekly – A Break thru the overhead resistance with the close at 55.64 for the week. Trade pressures are up. Volumes remain bullish.

Daily – In the move up from the long entry price at 50.82. Trade pressures are up and extended. Volumes are bullish.

The next target up is 59.52.

A close below 53.36 would signal lower.

 

NAT GAS_ QNZ17  #naturalgasfutures

Weekly – Remains in the move down. Trade pressures are down. Volumes are bearish.

Daily – Flat. Definitely a weather market. Trade pressures are down but rising. Volumes are bearish to neutral.

A new long entry is 2.94, but because the weekly remains in the move down, it is a contra-trend trade. So, Pass.

The next target up is 3.03.

Stops at the 2.84 lows.