Oil & Gas

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CRUDE_ CLH20

Weekly – In the correction after the spike above 65. Trade pressures are down. Volumes are bearish.

Daily – Short. In the move down from 63.07. Entered the trade at 61.22 (CLG20). Trade pressures are rising into the neutral zone. Volumes are neutral.

The next target down is 64.69.

A close above 61.00 would signal higher.

The CLG20 short trade stops are 59.06. Lower those stops to market on the sunday nite open and exit the trade.

[1-19-20: out of the trade at the 59.35 open.]

 

NAT GAS_ NGG20

Weekly – Hard down. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the short  move from the 2.20 level. Trade pressures are down. Volumes are bearish. The next target down is 1.89.

A close above 2.12 would signal higher.

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