Oil & Gas

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CRUDE_ CLJ20

Weekly – Complete breakdown. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 50.80 short entry price. Trade pressures are down. Volumes are bearish.

The next target down is 38.31.
[3-8-20: Opened down at 33.20. Now the next target down is 28.21]

A close above 44.23 would signal higher.

 

NAT GAS_ NGJ20

Weekly – Still in the year long downward channel. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move up from the 1.81 new long entry. Trade pressures are down. Volumes are bearish.

The next target down is 1.56.

Enter the long trade if the new long entry price is accompanied with a bullish reversal in the trade pressures.

The next target up is 1.99.

A close below 1.64 is the stop and would signal lower.

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