Oil & Gas

CRUDE_ spiked up thru the 2011 68% retracement resistance and failed, washing out many buy stops.
weekly pressures are up but extended.
Daily pressures show negative divergence.  a move down is indicated.

the daily trade is at the 109.43 target. the next target up is 115.75.

a move down thru 105 could signal lower; but volatility is high, so must wait for
clearer signal.

 

NAT GAS_   the weekly pressures are extended on the downside and are showing divergence.
the daily pressures are up.

Both the weekly and the daily have moved thru their respective log entries.

3.92 is the next target up. stops at 3.15.