Oil & Gas

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CRUDE_ CLQ20

Weekly – In the move up and testing the 42.33 upside target. Trade pressures are up. Volumes are bullish.

Daily – Flat. Trying to fill the gap at 37-43. Trade pressures are up. Volumes are bullish.

The next target up is the 43.22 gap.

A close below 24.32 would signal lower.

 

NAT GAS_ NGQ20

Weekly – Still in the May downtrend. Trade pressures are down. Volumes remain increasingly bearish.

Daily – Flat. The attempt art a new long entry failed immediately. Trade pressures are down but rising. Volumes are now neutral.

The next target down is 1.66.

A close above 1.83 would signal higher. The 2H chart is in a new move up, but the average true range si too high to set proper stops.