CRUDE_ switch to the June contract this week. the premium will be about $3.

“Supply and demand” are driving this commodity. US supply is pressing prices down. The European recovery may increase demand. But Russia is in trouble economically, causing a decline in the Ruble. So they will sell oil at any price to receive dollars.

Weekly – Trade pressures remain down. the next price target down is 39.13. Volume has turned bullish.

Daily – in the long trade from the 48.05. Next target up is 55.30. Trade pressures are crossing up. Volume has changed to bullish from neutral. Downward time pressures finish Feb 19th.

The trade is long, But a close below 45.98 could signal a test of the prior lows and setup prices in the 30’s.

NAT GAS_ more of a domestic fuel. Cold weather should affect this.

Weekly – Traded thru last years low of 2.70 flushing out some longs and then closing back above the pivot. Trade pressures are down. Volume was very high and neutral, indicating some short covering and a possible signal for a change.

Daily – Has closed above the long entry of 2.78 but struggling to follow thru. The next target up is 3.15. Trade pressures are up and Volume is bullish.

Set stops at the lows. the 2.35 downside target is still active.