#crudeoilfutures  ##naturalgasfutures

CRUDE_ CLV18    (Rolls in a week)

Weekly – Tested the 25×5 moving average which held support at 64.00. Trade pressures are up into the neutral zone.

Daily – Flat. In the new move down from the 69.06 short entry level. Trade pressures are down into the neutral zone. Volumes are mixed bearish to bullish.

At the 25×5 support level of 67.75. The next target down is 65.27.

A close above 71.40 would signal a new move up.

The 69.00 level is acting as a pivot, so watch the pressures at this level to determine whether a short entry is warranted.

 

NAT GAS_  QNV18

Weekly – This weekly is in an uptrend. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. Extending the move down. Trade pressures are in the neutral zone. Volumes are bearish.

The short entry went immediately to the 2.77 downside target. The next target down is 2.64.

A close above 2.83 is required to start a new move up.