Oil & Gas

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CRUDE_ CLV19

Weekly – The ,long summer of consolidation around the 55 level. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. In the move down form the 56.12 short entry. At the lower median line. Trade pressures are in the neutral zone. Volumes are bearish.

The next target down is 53.48.

A close above the upper median line at 58.18 would confirm higher. Watch the 53.48; if it holds as support can make a low risk long entry here at the lower median line and use the 53.48 as the stop.

 

NAT GAS_ NGV19

Weekly – Using the big contact (NG). Trade pressures are rising in the neutral zone. Volumes are bullish.

Daily – Flat. The mini contract trade was stopped out at the 2.62 profit stop. Trade pressures are up but declining. Volumes are bullish.

The next target up is 2.72 at the upper median line.

A close below 2.53 would signal lower.