Oil & Gas

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CRUDE_ CLV19

Weekly – 52.30 remains the entry for the January long move up. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. In the move up from the 52.95 long entry. Trade pressures are in the neutral zone. Volumes are bearish.

The next target up is 56.71.

A close below the lower median line at 52.61 would signal lower.

 

NAT GAS_ QNZ19

Weekly – Still in the down trend. Trade pressures are down but rising. Volumes are bullish.

Daily – Long. In the long trade from the 2.18 entry. Trade pressures are up Volumes are bullish.

The next target up is 2.40.

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

Set stops a t the 2.18 entry price.

[9-4-19: Raise the stop to the 2.31 old resistance level. The next target up is 2.62. Take profits at the 2.62 level.]