#crudeoilfutures #naturalgasfutures

CRUDE_ CLX19

Weekly – Still retreating from the spike after the Saudi fire. Trade pressures are in the neutral zone. Volumes are neutral.

Daily –  Flat. In the move down from the 60.50 short entry. Trade pressures are down. Volume are bearish.

The next target down is 52.58.

A close above 57.80. [10-2-19: A close above 55.22. would signal higher.]

 

NAT GAS_ NGX19

Weekly – Second week down / Trade pressures are rising in the neutral zone.Volumes are neutral.

Daily – Flat. in the new move down from the 2.62 entry price. Trade pressures are down. Volumes are bearish.

The next target down is 2.29.

A close above 2.54 would signal higher.

[10-2-19: at the 2.29 downside target. A close above 2.40 would signal higher.]