Oil & Gas

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CRUDE_ CLQ19

Weekly – A retest of the 51.00 level was a followed by a rally.Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat.  After the trigger thru the 56.08 level then looking for the pullback to 56.64. Trade pressures are up. Volumes are bullish.

The next target up is 62.44.

A close below 55.98 would signal lower.

Set the stop to the entry price of 56.64.

 

NAT GAS_ QNQ19

Weekly – Remains in the down trend. Trade pressures are down. Volumes are now bullish.

Daily – Flat. In the new move up from the 2.19 level. Trade pressure are rising into the neutral zone. Volumes are bullish.

The next target up is 2.36.

A close below the 2,14 low would signal lower.

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