CRUDE_ CLN18  #crudeoilfutures

Weekly – The 63.39 level is acting as resistance. Trade pressures are down. Volumes are neutral.

Daily – Flat. The long trade was stopped out by the new short entry at 62.21. Trade pressures are down. Volumes are bearish.

Look for a reversal of the hourly pressures up to put the short position on. The next target down is 58.93.

A close above 62.64 would restart the move up.

[3-7-18: the Hourly reversal and short entry occurred 3-6-18. Lower stops to the 62.21 short entry.]

 

NAT GAS_ QNJ18  #naturalgasfutures

Weekly – Fell below the 25×5 moving average three weeks ago and has not recovered. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move down from the 3.08 level. Trade pressures are down but rising. Volumes are bullish.

Now at the 2.53 target level. The next target down is 2.38.

A close above 2.83 would signal higher.