CRUDE_ CLU18  #crudeoilfutures

Weekly – In the second pullback to the 25×5 moving average of equal length. Trade pressures are down into the neutral zone. Volumes remain neutral.

Daily – Flat. Took the profit stop in the previous contract for a nice gain. Trade pressures are down. Volumes are now bulish.

The next target down is 66.06.

A close above 68.91 would restart the move up. That level is nearby. However, the 25×5 moving average resistance is also at that level and the hourly is overbot, so further analysis is required to take the trade.

 

NAT GAS_ QNQ18  #naturalgasfutures

Weekly – Below the 25×5 moving average, a bearish position. trade pressures are dwon. Volumes are bearish.

Daily – Flat. In the move down from the 2.99 level. The next target down is 2.66. Trade pressures are down and trending. Volumes are mixed, bullish to bearish.

A close above 2,94 could signal higher.