CRUDE_ CLK16

Weekly – Moving up inside the downtrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. Price did break below the 40.40 short entry in advance of the Easter weekend. Trade pressures are up but declining to almost neutral. Volumes have turned from bullish to bearish.

The first profit target is 37.07.

Stops will be at the short entry, 40.40.

 

NAT GAS_ QNK16

Weekly – Still in the long downtrend. Trade pressures remain down. Volumes returned to bearish from neutral.

Daily – Flat. The long trade was stopped out at the break-even price just before rolling to the new contract. Trade pressures are neutral and declining. Volumes returned to bearish from neutral.