Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE CLK20

Weekly – Stopped at the long term trendline support at 20.00. Trade pressures are down but turning up. Volumes are bullish.

Daily – Flat. In the move up from the 23.09 long entry price. Trade pressures are up. Volumes are bullish.

Touched the 28.71 target. The next target up is 34.55. Would look for the next pull back and following that go long at the next bullish reversal.

A close below 25.10 would signal lower.

 

NAT GAS_ NGK20

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

Daily – Flat. Trade pressures are down but turning up. Volumes are bullish.

The next target down is the prior low of 1.52.

A close above 1.69 would signal higher. The 2hr chart shows nat gas just the break out of the downtrend line.

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