Oil & Gas

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CRUDE_ CLU19

Weekly – In the move up from the 52.31 January long entry. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Long. The move down has reached the 51.07 short target. Now in a new retracement up. Trade pressures are down. Volumes are bullish.

The 52.04 level triggered the new long entry. The next target up is 55.57.

A close below the 50.52 low would signal a continuation of the move lower.

Move stops up to the entry price at the earliest.

 

NAT GAS QNU19

Weekly – Continuing new intraday lows. Trade pressures are down. Volumes are bearish.

Daily – Flat. The 2.03 lows seem to be holding. Trade pressures are down. Volumes are bearish.

The next target down is 1.93.

A close above 2.13 would signal a new move up.

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