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CRUDE_ CLQ20

Weekly – Flattened out at the 42.00 target. Trade pressures are up. Volumes are bullish.

Daily – Flat. Moving sideways while the overbought is worked off. Trade pressures are down and over sold. Volumes are bullish.

The next target up is 44.07.

A close below 33.95 would signal lower.

 

NAT GAS_ NGQ20

Weekly – Still in the weekly move down. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Flat. Stopped out of the long trade. Should have taken the 1.86 target as profit since the weekly is still in the downtrend. Trade pressures are down. Volumes are bullish.

The next target up is the same 1.86 target.

In a retracement down. Look for a trade pressure reversal to reenter the long trade. That will match up with the weekly trade pressures.

stops at the 1.51 lows.