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CRUDE_ CLN20

Weekly – At the 100% target after the move off the lows. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up off the 28.36 second long entry. Trade pressures are up but reversing. Volumes are bearish.

The next target up is 43.82.

A close below 31.07 signals lower.

 

NAT GAS_ NGN20

Weekly – This downtrend is relentless. Trade pressures remain down. Volumes are bearish.

Daily – Long. The Spike bar down to the 1.67 low closed as a net bullish volume bar. Trade pressures are up into the neutral zone. Volumes are mixed, bullish to bearish.

Could buy here at 1.73 with a tight stop at the 1.67 low. Just recognize the weekly does not yet support a long entry. The next target up is 1.93.

A close below 1.67 would signal lower.

[6-5-20: Stopped out.]