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CRUDE CLN19

Weekly – Sharp pullback, but still in the uptrend. Trade pressures are down. Volumes are now bearish.

Daily – Flat. In the second leg down from the 62.41 short entry level. Trade pressures are down. Volumes are neutral.

Now at the 57.33 downside target; expect consolidation here.

A close above 61.67 would signal a retracement move up.

The next target down is 54.50.

A close above 62.81 would signal a new move up.

 

NAT GAS_ QNN19

Weekly – No change. In the flat consolidation move. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. The move up from the 2.55 was stopped at the 2.70 resistance level. Trade pressures are down. Volumes are mixed bullish to bearish.

In a new move down from the 2.58 level. the next target  down is 2.48.

A close above 2.65 would signal a retest of the 2.70 level and possibly higher.