Oil & Gas

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CRUDE_ CLG20

Weekly – Three weeks up. Trade pressures are up. Volumes are bullish.

Daily – Flat. 14 days up. Trade pressures are up but declining. Volumes are now neutral.

The next target u[p is 62.49.

At price extension targets , looking for a pullback. A close below 58.36 would signal lower.

[12-24-19: raise the new short entry to a close below the prior week’s low of 60.02.]

 

NAT GAS_ NGF20

Weekly -In the down trend. Trade pressures are down but rising. Volumes are neutral for 3 weeks.

Daily  РLong. In the second move up from the 2.30 long entry. Trade pressures are up. Volumes are bullish.

The next target  up is 2.44.

A close below 2.18 would signal lower.

Set the stops at the 2.18 level.

[12-24-19: stopped out for a loss at the 2.18 level.]

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