Oil & Gas

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CRUDE_ CLZ19

Weekly – In a retracement move up inside the downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 54.42 long entry price. Trade pressures are up. Volumes are bullish.

The next target up is 57.65., Then 59.14.

A close below 54.00 would signal lower. Set the stops at the entry price.

 

NAT GAS_ NGZ19

Weekly – In the downtrend and basing. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move down from the 2.76 short entry level. Trade pressures are down but rising. Volumes are bearish.

The next target down is 2.56.

A close above 2.70 would signal higher.

Set short stops here at the 2.70.