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CRUDE_ CLN20

Weekly – At the resistance line of the downward sloping channel. Trade pressures are up. Volumes are bullish.

Daily – Flat. At the median line of the Andrews pitchfork. Trade pressures are up but have reversed. Volumes are bullish.

In consolidation around the 31.22 target. The next target up is 36.77.

A close below 26.50 would signal lower.

 

NAT GAS_ NGN20

Weekly – Still in the downtrend. Trade pressures are now up. Volumes are now neutral.

Daily – Long. In the move up after the retracement down to 1.70 and the Monday close above 1.77. Trade pressures are up. Volumes are neutral.

The next target up is 1.94.

A close below the 1.77 entry price would signal lower. Set 1.77 as the stop.