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CRUDE_ CLM21 (June Contract)

Weekly – Moving up to test the downtrend resistance line at 49.85. Trade pressures are up. Volumes are bullish.

Daily  -Flat. Stopped out of the November long trade at 47.50. Trade pressures are up. Volumes are bullish.

The next target up is 52.77. Need a daily bullish reversal to re-enter the long trade.

A close below 45.64 would signal lower.

 

NAT GAS_ NGH21

Weekly – In the downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move down from the November 3.27 short entry. Trade pressures are now up. Volumes are neutral.

The next target down is 1.835.

A close above 2.63 would signal higher. (Need a bullish reversal in the weekly to confirm.)