Oil & Gas

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CRUDE_ CLH20

Weekly – New weekly lows. Trade pressures are down. Volumes are bearish.

Daily – Flat. Consolidating around the 49.34 low pivot. Trade pressures are down but rising. Volumes remain bearish.

The next target down is 43.92.

A close above 52.94 would signal higher.

 

NAT GAS_ NGH20

Weekly – Bullish close. Trade pressures are down. and trending. Volumes are bearish.

Daily – Flat. Seems ready for a retracement move up is this long downtrend. Trade pressures are up. Volumes are bearish.

The next target down is 1.69.

A close above 1.95 would signal higher.