CRUDE_ CLU18  #crudeoilfutures

Weekly – The weekly upside target of 75.73 has acted as resistance. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 68.91 long entry. Trade pressures are in the neutral zone. Volumes are bearish.

The first trade attempt was stopped out at break-even as the trade pressures could not get out of the neutral zone.

The next target up is 73.45 and coincides with a retest of the highs – take any profits there.

A close below the 66.11 low would signal lower.

 

NAT GAS_ QNU18  #naturalgasfutures

Weekly – Below the 25×5 moving average is a bearish position. Trade pressures are down but rising into the neutral zone. Volumes are now bullish.

Daily – Flat. The long trade trigger has been met at 2.78. Trade pressures are still in the neutral zone. Volumes are bullish.

Looks to be a good trade but not taken while still pointing down in the neutral zone. The next target up is 2.92.

A close below the 2.78 would signal lower.

Use that 2.78 level as the stop.