CRUDE_ CLH18  #crudeoilfutures

Weekly – consolidating above the 63.39 weekly level. Trade pressures remain up and trending. Volumes are bullish.

Daily – Flat. In the move up from the 58.85 long entry level. Trade pressures are up but declining to near the neutral zone. volumes are bullish.

The next target up is 68.35.

A close below 62.83 would signal lower.

 

NAT GAS_ QNH18  #naturalgasfutures

Weekly – The weekly downtrend resistance line has stopped the move up. Trade pressures are up and extended. Volumes have changed from bullish. to bearish.

Daily – Flat. In the new move down from the 3.04 short entry. Trade pressures are up but declining. Volumes are bearish.

The hourly is oversold , so wait for a retracement move up to enter the short trade.

The next target down is 2.60.