CRUDE_  CLZ15

Weekly – In the downtrend. Trade pressures are down. Volume has changed from bearish to bullish. Next weekly targetdown is 26.62.

Daily –  Short. Attempted a rally into the Wed inventory report which failed. The short entry was 46.43. The next profit target down is 42.87 and the recent low is 42.58. Expect support at these levels.

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

A close above 45.46 could signal a new move up.Stops at 45.46.

[update 11-12-15: Drops thru the 42.87 target with ease. Next profit target down is 39.47. Lower stops to 42.87.]

 

 

NAT GAS_  QNZ15

Weekly – Spent this last week in consolidation after the breakdown. Trade pressures are down. Volume rek=mains bearish.

Daily – Long. In the move down from 2.71. Consolidating at the 2.23 downside profit target all week. The 2.34 long entry price was tested and did close above that level on Thursday.

The next target up is 2.59. Trade pressures are down but rising. Volumes have changed from bearish to neutral; indicating probable short covering. This is a retracement trade, so implement tight stops.

Stops are 2.23.