CRUDE_ CLJ16

Weekly – 32.88 has been the contract consolidation area. Trade pressures have moved up into the neutral zone. Volume continues to be bullish.

Daily – Flat. Crude has been in nice move up from the 31.42 entry price. Trade pressures are up and extended. Volumes remain bullish.

Last Monday’s  close changed the trend to an uptrend. The next target up is 41.08.

Need a close below 36.95 to signal a change.

 

NAT GAS_ QNJ16

Weekly – Bouncing off the weekly downside targets. Trade pressures are still down. Volumes have changed from bearish to bullish.

Daily – Flat. The long entry price of 1.789 has been triggered. Trade pressures are down but rising. Volumes have been bullish for three days.

Wait for some price improvement. Still in the downtrend til 1.89 is broken. So expect some congestion here. The next target up is 2.08.

Stops will be 1.613.