Oil & Gas

CRUDE_

Weekly – trying to move the trade pressures up to positive. Volume is bullish. A break down below 48.00 would signal lower.

Daily –  in the long trade from 49.14. Traded up to an intermediate target of 62.75 and began consolidation. Volume has been both bearish and bullish these last 10 days, evidencing the congestion. Trade pressures are down but rising. Volume has turned bearish from bullish.

stops remain at 56.20.

NAT GAS_

Weekly – In the long term down trend. Trade pressures are down but trending up. Volume is still bullish but declining.

Daily – In the long trade from 2.65 and has met the first target of 3.00. Trade pressures are up. Volume has turned bearish from bullish.

stops still at the 2.65 entry.