Oil & Gas

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CRUDE_ CLU19

Weekly – Still in the 2019 long move up. Trade pressures are flat in the neutral zone. Volumes are bullish.

Daily – Flat. In the retracement move up from the 52.99 long entry. Trade pressures are up. Volumes are bullish.

The confluence of the 56.71 target and the median line stopped the trade. The next target up is 60.57.

A close below 54.93 would signal lower.

 

NAT GAS_ QNU19

Weekly – Stuck on the lows. Trade pressures are down but rising. Volumes are neutral.

Daily – Flat. In the retracement move up. Trade pressures are up. Volumes are bullish.

In the move up from the 2.12 level. The next target up is 2.25.

A close below 2.10 and the lower median line would signal lower.

 

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