Oil & Gas

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CRUDE_ CLM20

Weekly – Testing the short term moving average as resistance. Trade pressures are down but rising to near the neutral zone.

Daily – Flat. In the move up from the 10.32 long entry level. Trade pressures are up and fully extended. Volumes are neutral.

The next target up is 31.32.

SA close below 22.77 would signal lower.

 

NAT GAS_ NGM20

Weekly – Testing the resistance line. Trade pressures are up. Volumes are bearish.

Daily – Flat. In a  rising channel off the 1.65 lows. Trade pressures are down. Volumes are bearish.

A bullish reversal of the trade pressures would signal a new move up from the 1.82 old long entry.

A close below 1.76 would signal lower.