CRUDE_
Weekly – The break below our 83.12 weekly target has seen some wide swings taking the market to its recent lows of 75.92.
trade pressures are down but extended and the volume is bullish, suggesting short covering.
the next weekly target down is a test of the 73.60 low pivot of mid 2012, then 69.76.
Daily – trade pressures are down but extended. Volume remains bearish.
the next target down is 66.09.
need a close above 80.58 to signal a move higher.
NAT GAS_
Weekly – almost reached the 3.55 downside target before have two bullish weeks of up volume and price.
trade pressures are up. volume is bullish . the long entry is 4.35
Daily – Trade pressures are up. volume is bullish and a long entry have been signal with a close above 4.26.
The next target up is 5.26.
stops at 3.62.