Weekly – Headed for a retest of the prior long entry level at 52. Trade pressures are neutral Volumes are neutral.
Daily – Short. The close below 57.03 triggered the short entry. trade pressures are down. Volumes are bearish.
The next target down is 52.98.
A close above 53.39 would signal higher.
NAT GAS QNQ19
Weekly – Still basing. Volumes are neutral. Trade pressures are down but rising.
Daily – Flat. In the move down for the 2.38 short entry level. Trade pressures are down. Volumes are bearish.
The next target down is 2.23.
A close above the median line a 2.42 would signal higher.