Oil & Gas

CRUDE_ CLX15

Weekly – Still in Downtrend. Trade pressures are down but rising. Volume is bearish for the last four weeks.

Daily – Flat. The long trade from 41.77 stopped out on a pullback to the 43.83 stop at the moving average.

Trade pressures are down but rising. Volume has changed from bearish to neutral.

Need the indicators to return to bullish and a close above 46.44 to get long again.

NAT GAS_ QNX15

Weekly – Still in the downtrend from late 2014. Trade pressures are down. Volume is bearish.

Daily – No trade. Flat. Congestion.

Trade pressures are down. Volume is cycling from bullish to bearish and back to bullish every three or four days.