Oil & Gas

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CRUDE_ CLK19

Weekly – May contract. Remains in the downtrend. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 54.99. Trade pressures are up. Volumes are bullish.

The next target up is 59.95.

A close below the 56.24 level will signal lower.

 

NAT GAS_ QNJ19

Weekly – Still in the downtrend. Trade pressures are down and trending. Volumes are neutral.

Daily – Flat. In consolidation after the 2.56 downside target. Trade pressures are down into the neutral zone. Volumes are neutral.

The next target down would be a retest of the 2.56 low.

A close above 3.08 would signal a new move up.

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