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CRUDE_ CLJ19

Weekly – Remains in the downtrend. Trade pressures are down but rising.  Volumes are bullish for eight weeks.

Daily – Flat. Still in the move up from the 54.72 entry. Trade pressures are up but turning down. Volumes are bearish.

The next target up is 59.75.

A close below 54.98 would signal lower.

[3-8-19: trading below the 54.98 short entry. Short. Set the stops at 56.11.]

[3-8-19: Stopped out of the short trade at a $1.13 loss per contract at the close.]

 

NAT GAS_ QNJ19

Weekly – In consolidation at the 2.55 level. Trade pressures are down and tending. Volumes are neutral and very light.

Daily – Flat. Just rising off  the 256 lows. Trade pressures are up. Volumes are now bullish.

A close above the 3.07 level is required to signal long once again.