Oil & Gas

CRUDE_ CLH16

Weekly – The 30.72 target has acted as support. Trade pressures are down, but extended. Volumes are very bullish.

Daily – Flat. The 32.69 stop was triggered on Friday Jan 29th. Trade pressures are up. Volumes are mixed, closing bullish.

A close below 29.14 could signal lower.

 

NAT GAS_ QNH16

Weekly – In the pullback after testing the long confirmation level at 2.44. Trade pressures are neutral and rising. Volumes are neutral to bullish.

Daily – Flat. A new long entry was triggered at 2.20 but the intraday indicators are over bot; so wait. Trade pressures are down but rising. Volumes are bullish.