Oil & Gas

CRUDE_ CLJ18  #crudeoilfutures

Weekly – The 63.39 upside weekly target level is acting as Resistance. Trade pressures are down and trending. Volumes are neutral.

Daily – Short. The 62-63 level is acting as a pivot. In the move down from the 62.21 short entry level. Trade pressures are up into the neutral zone. Volumes are bearish and neutral.

The next target down is 58.93.
With the equity moves up, the stops have been lowered to break-even.

A close above 62 .64 would signal higher.

 

NAT GAS_ QNJ18  #naturalgasfutures

Weekly –  Three weeks of moving sideways. Trade pressures are up. Volumes are bearish to neutral.

Daily – Flat. Trade pressures are up. Volumes are bullish to neutral.

A close above 2.83 would signal higher.