CRUDE_ CLH18  #crudeoilfutures

Weekly – New contract. In the uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from 51.01. Trade pressures are up but declining near the neutral zone. Volumes have changed to bullish.

The next target up is 59.71.

The retracement inside this move up was triggered by a close below 55.68 and looks to have the potential to go to 52 .

A close back above the 58.11 high pivot would signal a resumption of the move up.

 

NAT GAS_ QNZ17  #naturalgasfutures

Weekly – Remains in the downtrend. Trade pressures are up. Volumes are again bearish.

Daily – Flat. After a rally to 3.23 a new short signal was triggered at 3.09. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 2.95.

A close above 3.13 would signal higher.

Be careful with this volatility.