Oil & Gas

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CRUDE_ CLZ19

Weekly – Appears to be putting in a triple bottom. Trade pressures are up. Volumes are bearish.

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

Weekly pressures up and daily at resistance, looking for a short daily pullback at these levels and then to resume the move up.

The next target up is 57.54.

A close below 54.13 would signal lower.

 

NAT GAS_  NQZ19

Weekly – In the down trend. Trade pressures are down but turning up. Volumes are bearish.

Daily – Flat. Still in the move down, but attempting the new long entry at 2.50. Trade pressures are up. Volumes are bearish.

The next target down is 2.19.

A close above 2.50 would signal higher.

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