#crudeoilfutures  #naturalgasfutures

CRUDE_ CLZ18   (roll to December)

Weekly – Remains in consolidation after the move up to the 74.54 target. Trade pressures are up. Volumes have flashed a new bearish signal.

Daily – Flat. The new short entry has been touched at 67.80. Trade pressures are in the neutral zone and showing divergence. Volumes are bearish to bullish.

The next target up is 71.02.

Need a close below the 25×5 moving average at 67.29 to confirm this new short entry.

 

NAT GAS_  QNZ18

Weekly – Breaks down below the uptrend support line. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 3.06 short entry. Trade pressures are in the neutral zone. Volumes are bearish.

The next target down is 2.80.

A close above the 25×5 moving average is required to signal any new move up.