CRUDE_ CLG16

Weekly – Still in the long downtrend. Next weekly target down is 28.55. Trade pressures are down. volumes remain bearish.

Daily – Consolidating at the 37 downside target. Trade pressure are down but rising. Volumes have changed from bearish to neutral to bullish.

A close above the 38.80 level would signal a new long entry.

 

NAT GAS_ QNG16

Weekly – In a rally off the 1.72 low. Trade pressures are down but rising. Volumes have turned bullish from bearish.

Daily – Long. The close above the 1.888 has triggered a new long entry. The next profit target up is 2.14. Trade pressures are down but rising fast. Volumes are bullish.

Place the stop at 1.73.

[12-28-2015: raise stop to 2.14. Next profit target is 2.40, take this profit.]