#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ20

Weekly- A weekly bullish bar. Trade pressures are down. Volumes are bullish.

Daily – Short. The new short entry at 35.05 (now 35.86 in the new contract) was high risk with the oversold condition. Trade pressures are now down once again. Volumes are neutral.

The next target down is the 35.86 short entry. May enter the short here 37.49.

A close above 39.49 would signal higher.

Set the stop at the the 25×5 MA at 39.49.

[11-09-20: stopped out.]

 

NAT GASD_ NGZ20

Weekly – Pullback in the uprend. Trade pressures are down into the neutral zone. Volumes are now neutral.

Daily- Flat. The close below the 3.17 started a new move down. Trade pressures are down. Volumes are bearish.

The next target down is the 2.87 target only a few ticks away, then 2.75.

Could have a retracement up to the 200 day MA at 3.09. A close above that 200 MA would signal higher.