Weekly- After reaching the 65 level, price pulled back to the prior long entry price at 51.17. Trade pressures are down into the neutral zone. Volumes are bearish.
Daily – Long. Also reacting to the WH-Iran mess. Trade pressures are up into the neutral zone. Volumes are bullish.
In the new move up[ from the 56.08 long entry. Look for a pull back to that price for a better entry.
The next target up is 62.44.
Initial stops will be at the 50.84 lows.
NAT GAS QNQ19
Weekly – Continues the drop to the 2.00 level. Trade pressures are down. Volumes are bearish.
Daily – Flat. The breakdown of the 2.28 level sends price sharply lower. Trade pressures are down. Volumes are now neutral.
The next target lower is 1.948.
A close above 2.19 would signal higher.