CRUDE_ CLF18  #crudeoilfutures

Weekly – In the move up after the break above 55.24. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up and approaching the extended target. Trade pressures are up but showing  divergences. Volumes are bullish.

The next target up is 59.71.

A close below 55.08 would signal lower.

 

NAT GAS_ QNF18  #naturalgasfutures

Weekly – Downtrend continues. Trade pressures are down into the neutral zone. Volumes are still bearish.

Daily – Flat. In a move up from the 3.00 long entry level. Trade pressures are up but declinging. Volumes are neutral.

The next target up is 3.29.

A close below the 2.90 pivot would restart the move down.