#crudeoilfutures #naturalgasfutures

CRUDE_ CLU20

Weekly – Remains in the 40-43 channel. Trade pressures are up but reversing.

Daily – Flat. In the move up from the May 28.61 long entry. Trade pressures are down. Volumes are bullish.

Anticipating Saudi production cuts.The next target up is 44.07.

A close below 35.05 would signal lower.

 

NAT GAS_ NGU20

Weekly – First week in the new weekly uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 1.74 long entry in June and the second leg up in July. Trade pressures are now up. Volumes are bullish.

The next target up is 2.70.

A close back below the 200 day MA would signal lower.