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CRUDE_ CLH19

Weekly – In the third week of the move up off the 2017 lows. Trade pressures are down but rising. Volumes are bullish for two weeks.

Daily – Long.  In at the 50.74 new long entry. Trade pressures are up and trending. Volumes have turned neutral from the weeks of bullish.

The next target up is 64.40 and the 200 day MA.

The  change of volume to neutral on a big up volume day suggests substantial selling in to the rally.

A close below the 45.91 level would signal lower.

Move stops to the long entry price of 50.74.

 

NAT GAS_ QNG19

Weekly – The sell-off took price down to the uptrend support line, then rallied up to the 200 week MA, Trade pressures are down but rising. Volumes are now neutral.

Daily – Long. The close above the 3.38 level triggered the new long move. Trade pressures are up. Volumes are now bullish.

The 25×5 MA has acted as resistance for the week. The next target up is the 3.86 recent pivot, then 4.02.

A close below the 3.20 200 day MA would signal lower once again.

This is very volatile price movement, do not trade this market unless prepared for the wide swings.

Stops at the 2.87 lows. Raise them to breakeven after a break above the 25×5 MA.

[1-25-19: Flat. out at contract expiration.]