Oil & Gas

CRUDE_ retracing off the lows.

Weekly – Trade pressures still down buy rising. Volume is bullish for four weeks.

Daily – in the long trade from 48.18. with the next target up of 62.79. Trade pressures are up. Volume is bullish.

Stops at 45.62.

NAT GAS_

Weekly – Volume has finally turned neutral indicating some short covering. Trend pressures remain down.

Daily – Trade pressures have turned up. Volume has turned bullish. The Trade is long from the 2.65 long entry. The next target up is 2.92.

Stops at the 2.44 lows.