#crudeoilfutures #naturalgasfutures

CRUDE_ CLJ20

Weekly – down thru the Dec 2019 lows. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the second leg down from the 50.80 short entry. Trade pressures are down and extended. Volumes are bearish.

The next target down is 41.

A close above 47.03 would signal higher.

[3-2-20: Long at the 46.50 new long entry. Stops at 44.82.] {

[3-3-20: Sell @47.97. rate cut spooks market.]

 

NAT GAS_ NGJ20

Weekly – Continuing the 2019 move down. Trade pressures are rising into the neutral zone. Volumes are bearish.

Daily – Flat. In the move down form the 2.18 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 1.56.

A close above 17.81 would signal higher.