Oil & Gas

CRUDE_ CLX15 Weekly – Still in a downtrend. Trade pressures are up. Volume has turned from bearish to bullish. Daily – Long. In the trade from 46.44 to the first profit target of 50.87. Trade pressures are up. Volume is bullish. The next profit target is 55.10. Stops are at the long entry of 46.44.

[10-13-15 update: Trade stopped out at the 46.44 long entry.]

 

NAT GAS_ Weekly – Testing the lows. Trade pressures are down. Volume has turned from bearish to neutral. Daily – Flat. No trade. The down-move is testing 2.42. Need a close above 2.56 to signal higher. Trade pressures are down but rising. Volume has changed from bearish to bullish.