Oil & Gas

CRUDE_ QM Oct’15

Weekly – continued downtrend. Next weekly –  target is 26.60. Trade pressures are down. Volume is bearish.

Daily – Trade is Flat. trend remains down with the next target down at 35.89. Trade pressures are down. Volume is bearish.

Need a close above 42.59 to start a new move up.

NAT GAS_ QNU15

Weekly – No direction. Trade pressures switching form up to down every two weeks. Volume is now bearish.

Daily – Flat. Trade pressures are down but showing some divergences. Volume is low but bearish.