Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLG20

Weekly – At resistance. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 54.35 October entry price. Trade pressures are up. Volumes are bullish.

The next target up is 64.04.

A close below 61.22 would signal lower.

[1-8-20: short from the 61.22 level. Set the stops at 62.00]

[1-9-20: Lower Buy stops to 60.52.]

[1-14-20: Lower buy stops to 59.06. set a profit buy limit at 56.00]

 

NAT GAS_ NGG20

Weekly – Six weeks of a move down. Trade pressures are down. Volumes are two weeks bearish.

Daily – Short. In the move down from the 2.20 new short entry. Trade pressures are down. Volumes are bearish.

The next target down is 2.14.

A close above 2.39 would signal higher.

[1-7-20: Lower stops to 2.20, the entry price.]

[1-8-20: Take profits at 2.105]

[1-12-20: Stopped out at the 2.20 level.]

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