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CRUDE_ CLH19

Weekly – A four week rally in the downtrend. Trade pressures are down but rising. Volumes are bullish.

Daily – Long. In the move up from the 50.74 long entry. Trade pressures are up and trending. Volumes are bullish.

The next target up is the downward sloping median line at 56.26. If price can move above that level then the 64.31 target is in confluence with the 200 day MA and could act as an attractor.

Stops remain at the long entry price of 50.74.

[1-30-19: Raise the stops to the entry price of the shorter cycle, 53.23]

 

NAT GAS_ QNH19

Weekly – In the move down. Trade pressures are down but rising. Volumes have changed from neutral to bearish.

Daily – Short. In the move down from the 3.22 short entry. Trade pressures are down. Volumes are bearish.

The next target down is the 2.76 low and then the 2.54 downside target.

Stops are now the 3.22 entry price.

[1-30-19: Lower stops to the 200 day MA of 3.11.]