#crudeoilfutures #naturalgasfutures

CRUDE_ CLM20

Weekly – retested the lows. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move down from the 36 short entry price. Trade pressures are down and oversold. Volumes are bearish.

Consolidating around the 25.51 downside target. The next target down is 21.85.

Need a close above 28.18 to start a new move up.

 

NAT GAS_ NGM20

Weekly – Rising in the downward sloping channel. Trade pressures are up. Volumes are bullish.

Daily – Flat. Finished a counter trend move up to the 1.99 profit target. Trade pressures are up. Volumes are bullish.

After the pullback to 1.70, a new long entry is at 1.79. The next target up is 2.06.

A close below 1.85 would signal lower.