CRUDE_ CLM16

Weekly – This is an event driven market for the short term. Trade pressures remain neutral. Volumes remain bullish.

Daily – Flat. The June contract long entry price was 39.63 and has traded up to the 43.89 retracement profit target and consolidating/retracing  here. Trade pressures are up and extended. Volumes are bullish.

The next target up is 44.51.

A close below 36.59 could signal lower.

 

NAT GAS_ QNK16

Weekly – remains in the downtrend. Trade pressures are neutral. Volumes remain mixed bullish to neutral.

Daily – Flat. Trade pressures are down. Volumes are mixed neutral to bearish.