Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ19

Weekly – The inventory draw-down had no real effect. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move up from the 54.31 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 57.54.

A close below 52.61 would signal lower.

 

NAT GAS_ NGX19

Weekly – In the downtrend. Trade pressures are down but rising. Volumes are neutral.

Daily – Flat. In the downtrend also. Trade pressures are up and extended. Volumes are bullish.

The next long entry up is 2.35.

The nxt target down is the prior low at 2.18.

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