Oil & Gas

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CRUDE_ CLJ20  Contract rolled.

Weekly – Sitting on the lows, but a week of a move up. Trade pressures are down but making a bullish reversal. Volumes are neutral.

Daily – Flat. Forming a base off the 49.50 lows. Trade pressures are up. Volumes are bullish.

A close above the 52.61 level would signal a new move up.

A close below 50. 21 would signal a resumption of the move down.

 

NAT GAS_ NGH20

Weekly – Still in the move lower. Trade pressures are down. Volumes remain bearish.

Daily  – Flat. trying to move up Trade pressures are up but showing a bearish reversal. Volumes are neutral.

The next target down is 1.57.

A close above 1.92 would signal higher.