Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU20

Weekly – Rallied to the 43.00 upper bound. Trade pressures are up but reversing. Volumes are bullish.

Daily – Flat. The move up stopped near the 44.39 target. Trade pressures are down. Volumes are bearish.

The next target up is 47.11.

A close below 35.05 would signal lower.

 

NAT GAS_ NGU20

Weekly – Big week up. Trade pressures are up. Volumes are bullish.

Daily – Flat. The move up from 1.74 continues. Trade pressures are up. Volumes are bullish.

The next target up is the 200 day MA at 2.31.

A close below 1.89 would signal lower.