CRUDE_ CLH18  #crudeoilfutures

Weekly – In retracement from the upside target at 63.39. Trade pressures are down. Volumes have changed from bearish to neutral.

Daily – Flat. Out of the short trade, now in retracement toward the 62.64 new long entry. Trade pressures are down but rising. Volumes are now bullish.

The next target down is 56.64.

The next target up is the new long entry, then the prior high at 66.49.

 

NAT GAS_ QNH18  #naturalgasfutures

Weekly – In the third week of the pullback form the downtrend resistance line. Trade pressures are down. Volumesa re mixed neutral to bearish.

Daily – Flat. In the move down from the 3.04 short entry level. Trade pressures are down. Volumes are bearish.

The next target down is 2.34.

A close above 2.77 would signal higher.