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.