CRUDE_ CLN18  #crudeoilfutures

Weekly – Looking for the weekly upside target of 75.73. Trade pressures are up. Volumes have changed from bullish to bearish.

Daily – Short. The 70.37 short entry level was triggered Thursday. Trade pressures are down into the neutral zone. Volumes are bearish.

Friday closed at the next target of 67.59. Move the stop to the short entry level of 70.37.

The next target down is 64.31.

A close above 70.02 would signal higher.

[5-29-19: lower the stop to the new long entry at 68.35.]

 

NAT GAS_  QNN18  #naturalgasfutues

Weekly – The first breakout to the upside in 12 weeks. Trade pressures are up. Volumes are bullish.

Daily – Flat. Tuesday broke above the upside resistance line at 2.88. Trade pressures are up and extended. Volumes are bullish.

At the 2.92 target. The next target up is 3.07.

Can’t trade as the volatility exceeds the target levels.