There are mixed indications ....there may be possibility of reversal in these 2 commodities ....or may be it will trade sideways...
Crude : Crude is trading in range 2800-3100 ....
Stay short below 3100 and watch out break below 2800 for TGT 2591...2100-1700....
(I would advise to start buying in range 1700-2000) for long term TGT near 7800+)
OR
Buy only if closing is above 3100 on weekly closing basis....
NG : NG may trade between 173-210-217...
Stay short below 210-217 or Sell near 210 / 188.50....Watch for reversal at 210-217....if break 173 then TGT near 154-152
Buy only if closing is above 210 on weekly closing basis...TGT 217-219
Crude : Crude is trading in range 2800-3100 ....
Stay short below 3100 and watch out break below 2800 for TGT 2591...2100-1700....
(I would advise to start buying in range 1700-2000) for long term TGT near 7800+)
OR
Buy only if closing is above 3100 on weekly closing basis....
NG : NG may trade between 173-210-217...
Stay short below 210-217 or Sell near 210 / 188.50....Watch for reversal at 210-217....if break 173 then TGT near 154-152
Buy only if closing is above 210 on weekly closing basis...TGT 217-219