Oil & Gas

CRUDE_ CLQ18  #crudeoilfutures

Weekly – In the fourth week of the pullback. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Still in the move down from the 70.54 short entry. Trade pressures are down but have turned up. Volumes are mixed bullish to bearish.

Now consolidating at the 64.10 downside target. The next target down is 58.79.

The new long entry is 66.77 and has been touched; but need confirmation with the trade pressures.

 

NAT GAS QNN18  #naturalgasfutures

Weekly – A stealth rally? Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the move up from the 2.74 entry. Trade pressures are up. Volumes are bullish.

The next target up is 3.07.

A close below 2.90 would signal lower.