Oil & Gas

CRUDE_ CLG18  #crudeoilfutures

Weekly – Beginning to move up off the consolidation level at 56. Trade pressures are up and trending. Volumes are bullish.

Daily – Flat. In the new move up from the 58.77 entry level. Trade pressures are up and extended. Volumes are bullish.

The next target up is 63.55.

A close below 57.48 would signal lower.

 

NAT GAS_ QNH18  #naturalgasfutures

Weekly – Year end rally. Trade pressures are down but rising. Volumes are now bullish.

Daily – Flat. In the move up from the 2.65 level. Trade pressures have risen into the neutral zone. Volumes are bullish.

The next target up is 3.18.

A close below 2.82 would signal lower.