CRUDE_ CLZ15

Weekly – The prospect of added production from Iran seems to pressure the oil market. Trade pressures are down. Volume is bearish. The next weekly target down is 26.62.

Daily – Short. Still in the move down from the 46.43 short entry. The next target down is 39.47 and just beyond that is 37.94. Trade pressures are down. Volume is bearish.

A close above 43.06 would signal higher.

 

NAT GAS_ QNZ15

Weekly – consolidating here at the 2.20 area. Trade pressures are down. Volume sis bearish.

Daily – Long. The prior close above 2.34 was the long entry signal. The week’s price action was mixed until the Friday close when a rally back thru the long entry price offered confirmation. The next target up is 2.59.

Stops at 2.23