CRUDE_ CLZ15

Weekly – Trade pressures have stopped rising and are neutral. Volume has turned bearish from bullish. 50.28 is a bearish confirmation. It has been tested again.  The next weekly target down is 28.62.

Daily – Short. The Friday close below 44.70 has triggered a new short. Trade pressures are down. Volume is bearish. The first target down is a test of the 38.60 low.

Wait to see if the 44.29 low pivot will hold to enter. (watch the RSX on the 60 min).

 

NAT GAS_ QNX15

Weekly – Breaks the prior Lows at 2.39. Trade pressures remain down. Volume has reverted to bearish from neutral.

Daily – No trade. The move is down. After a long consolidation at the prior low and down side target of 2.42, price breaks down mid week. The first price level down is 2.28 which was met at the close on Friday. The next target is 2.10.

Need a close above 2.43 to reverse the move.