CRUDE_ CLK16

Weekly – Moving up off the new contract support levels at 34.34. Remains below the 25×5 and below the downtrend resistance target. Trade pressures have move up into positive territory. Volumes remain bullish.

Daily – Flat. Near the 42.94 profit target level. Trade pressure are up but declining. Volumes are mixed, but closed bullish.

A close below 40.40 could signal lower.

 

NAT GAS_ QNJ16

Weekly – Finding support at the 1.61 level. Trade pressures are down but turning up. Volumes are congesting bullish to neutral.

Daily – Long. Monday gave a little peek down below the trigger price and Thursday closed up into a new uptrend. Trade pressures are up. Volumes are steadily bullish.

the next target up is 2.08.

Stops now at the entry price of 1.789. Pay attention to the contract roll dates.