#crudeoilfutures #naturalgasfutures

CRUDE_ CLQ20

Weekly – Trending upward ans testing the downtrend resistance line. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up after breaking out from the upper median line. Trade pressures are up but reversing. Volumes are bullish.

A long entry is indicated, but wait for the hourly trade pressures to cycle down then up again creating the back test. The next target up is 44.07.

A close 39.60 would signal lower.

 

NAT GAS_ NGQ20

Weekly – Still in the long downtrend. Trade pressures are down but starting to reverse. Volumes are now neutral from the previous 10 weeks of bearish volumes.

Daily – Long. The 1.69 trigger has created a new long  entry and closed at 1.75. Trade pressures are up. Volumes are neutral.

Buy the 1.75 limit. The next target up is 1.86.

A close below 1.70 would signal a failure, and lower.

Use this 1.70 has the stop.

[7-6-20: Long @ 1.75. Stops at 1.75 now.]

[7-10-20: stopped out at the breakeven, 1.75.]