CRUDE_ CLQ18  #crudeoilfutures

Weekly – Pausing near the weekly upside target of 75.73. Trade pressures are up. Volumes are bulish.

Daily – Flat. Consolidating at the 74.81 upside target level. Trade pressures are up and extended. Volumes were mixed bearish to bullish at the close of the week.

The next target up is 75.70 and then 78.27.

A close below 73.00 would signal a retracement trade down of this move up. This would be a counter-trend trade, so tight stops if it happens.

 

NAT GAS_  QNQ18  #naturalgasfutures

Weekly – In a pullback after reaching the 3.00 level. Trade pressures are down into the neutral zone. Volumesa re bearish.

Daily – Flat. In the retracement move down from the 2.90 short entry level. Trade pressures are down. Volumes are bearish.

At the confluence of the 2.81 (100%) target and the uptrend support line. The next target down is 2.66.

A close above the 2.90 would signal a new move up.