Oil & Gas

CRUDE_

Weekly – Price has moved below the weekly 25×5 moving average at 56.57. The weekly short confirmation is 48.95. Trade pressures have turned down. Volume has turned bearish.

Daily – The daily long trade has been stopped out at 57.19 for a 6 pt profit. Trade pressures are down sharply. Volume is bearish.

NAT GAS_

Weekly – Trade pressures are up. Volume has turned back to bearish but on very low volume.

Daily – No trade. Trade pressures are up. Volume is now neutral.