Oil & Gas

CRUDE_  WTI Futures (June 2015 contract)

Weekly – Trade pressures are still down but trending upward. Volume is bullish these last two weeks. Need a close above 63.00 to confirm an up-move.

Daily – In the long trade from 48.50. Next target up is 62.79. Trade pressures are up. Volume turned neutral at the 58.40 prior high.

Stops at 50.75.

NAT GAS _ too much production?

Weekly – Steady downtrend. breaking thru all prior lows. Next weekly target remains 2.22. Trade pressures are down. Volume is bearish.

Daily – In the down move. Next target down is 2.37. Trade pressures are down but trending upward. Volume is bullish. Need a close above 2.68 to start a long trade.