Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU19

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.

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