CRUDE_ WTI
Weekly – Trade pressures are up. Volume remains bullish. Still in a retracement up attempting a breakout of the current downtrend.
Daily – Still in the long trade from 49.14. The Trade stop is 56.20 which locks in 7 pts. The next target up is 62.75. Trade pressures are up but have declined to neutral. Volume has changed from bearish to bullish.
A short term trade close above 60.54 would set up the 67.06 target.
Stops remain at 56.20.
NAT GAS_
Weekly – Trade pressures are down. Volume remains bearish. 2.32 is the weekly downside target.
Daily – no trade. Trade pressures are hard down, so look for a chnage. Volume is alternating between bullish and bearish.
Congestion.