Oil & Gas

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CRUDE_ CLX19

Weekly – has fallen back to the up trend support line. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. In the move down off the the breakdown from the spike highs. Trade pressures are down. Volumes are now neutral.

The next target down is 50.23.

A close above 54.20 would signal higher.

 

NAT GAS_ NGX19

Weekly – Remains in the downtrend. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. In the move down. Trade pressures are down but rising. Volumes are bullish.

The next target down is 2.16.

A close above the nearby 2.37 level would signal higher.