CRUDE_ CLK18  #crudeoilfutures

Weekly – Price was rejected at those prior highs. Trade pressures are up. Volumes are neutral.

Daily – Flat. Last weeks trade was sold for a profit at the projected 66.36 target. Trade pressures are up but rolling over. Volumes are mixed neutral to bullish.

In a retracement down. The 25×5 moving average is expected support at 62.25.

With the weekly and daily pressures both up, looking for another leg up off support, wherever that manifests itself.

A close above 65.75 would signal higher.

 

NAT GAS_ QNK18  #naturalgasfutures

Weekly – Moving sideways along a flat 25×5 moving average. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the move down from the 2.68 short entry. Trade pressures are up, just rising above the neutral zone. Volumes are now bullish.

The next target down is 2.40.

Price stopped at the old 2.61 low pivot and the hourly has rallied.
A close above 2.87 could signal a new move up.