Oil & Gas

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CRUDE_  CLV20

Weekly – A break to the down side. Trade pressures are down. Volumes are bearish.

Daily – Flat. Down all week. Trade pressures are down and trending. Volumes are neutral.

The next target down is 35.05.

The close above 37.29 signals a retracement up with a like test of resistance at 41.00.

 

NAT GAS_ NGV20

Weekly – In a pullback inside the weekly move up. Trade pressures aer up but declining. Volumes are neutral.

Daily – In a new move down. Trade pressures are down. Volumes are bearish.

The next target down is 1.82.

A close above 2.47 is required to restart the move up.