Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLJ20

Weekly – Dropped all the way to the 28.21 target. Trade pressures are down. Volumes are now neutral.

Daily – Long. Off the 27.34 low. Trade pressures are down but rising. Volumes are neutral. Price has risen to above the new long entry at 30.97.

The next target up is 36.31.

A close below the prior low will signal lower .

[3-17-20: stopped out at 27.24 for a loss.]

 

NAT GAS_ NGJ20

Weekly – Remains in the move down. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Long. In the move up from the 1.78 long entry. Trade pressures are down but rising. Volumes are bullish. The next target up is 2.04.

A close below 1.63 would signal lower.

[3-18-20: Stopped out out the 1.63.]

 

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