Natural gas wound up finishing with a strong session. And I continue to stalk it long for a higher low, above Thursday’s ETF chart highs of $19.24.
Beyond that, crude oil is trying to hold and progress from its recent breakout. On the second chart below of the USO ETF, I am a little concerned about the shadows on the breakout attempts over the past few weeks–Indicative of some selling pressure coming in.
Still, I think you can trade crude here with a one-point bracket: Constructive above $39 and cautious or even short below $38.
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