CRUDE_ CLG16

Weekly – The break below 40 continues. The next target down is still 28.55. Trade pressures are down. Volumes remain bearish.

Daily – Flat. A new short entry was triggered at 36.11 on Tuesday. Now at a downside target of 32.81 with the next target down of 29.10. Having missed this short entry, must wait for a pullback above 34.80. Trade pressures are down. Volumes have reversed from bullish to bearish.

36.11 will be the new stop if entered.

 

NAT GAS_  QNG16

Weekly – Have closed above the weekly long confirmation. Trade pressures are crossing up into neutral zone. Volumes remain bullish.

Daily – Flat. The daily long trade was stopped out at the 2.40 profit target. The next target up is 2.66. Trade pressures are up and extended. Volumes remain bullish.