CRUDE_ CLZ17  #crudeoilfutures

Weekly – In the breakout of the 54.53 resistance level. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 50.83 long entry level. Trade pressures are and beginning to look extended. Volumes remain bullish.

The next target up is 59.52.

A close below 55.52 would signal lower.

 

NAT GAS_ QNZ17  #naturalgasfutures

Weekly – The second week of a rally signaled by a “hammer” bar the previous week. Trade pressures are up. Volumes have changed from bearish to bullish.

Daily – Flat. The 2.94 long entry was confirmed with a move up thru the 25×5 moving average. Trade pressures are up. Volumes are bullish.

The next target up is 3.22.

A close below 3.09 would signal lower.