#crudeoilfutures #naturalgasfutures

CRUDE_ CLM20

Weekly – recovering some of the loss after the April washout. Trade pressures are down. Volumes are now neutral.

Daily  – Flat. After the drop into the 6.50 low, price has now recoverd to the $20 levels. Trade pressures are up. Volumes are bullish.

The next target up is 21.78.

A close below 16.07 would signal lower.

 

NAT GAS_ NGM20

Weekly – Can not get above the downtrend channel. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move up from the April 1.82 long entry. Trade press ures are up. Volumes are bearish.

The next target up is 2.00.

A close below 1.80 would signal lower.