Oil & Gas

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CRUDE_ CLF20

Weekly – A rally in the long downtrend. Trade pressures are up. Volumes are bullish. resistance at 62.68.

Daily – F lat. Trending up. Trade pressures are up. Volumes are bullish. In the move up from the October 54.42 long entry. The next target up is 64.11.

A close below 57.61 would signal lower.

 

NAT GAS_ NGF20

Weekly – Broke the lows. Trade pressures are down and trending. Volumes aree neutral.

Daily – Long. In the new move up from the 2.30 entry price. Trade pressures are up into the neutral zone. Volumes are bearish.

The next target up is 2.44. Trading against the weekly so, tight stops.

A close below the prior low at 2.16 would signal lower and act as the stop.

[12-16-19: Raise stops to 2.28.]

[12-18-19: Stopped out overnight.]