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.