Oil & Gas

CRUDE_ CLF16

Weekly – In the sustained down trend . The downward time cycles terminate mid February 2016. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Price has move aggressively down after the earlier short trade was stopped out at the 42 area. This 35-36 level is made up of multiple targets. Trade pressures are down. Volumes are Bearish.

Need a close above 37.57 to signal higher.

 

NAT GAS_ QNF16  These prices can’t be good for the coal industry.

Weekly – In the downtrend. Trade pressures are hard down. Volumes consistently bearish. A lone price target exists at 0.48!

Daily – Flat. Never could get in a trade. At the 1.944 target now.Trade pressures are down. Volumes are bearish.