CRUDE_ CLU16

Weekly – In a retracement down from the 49.39 weekly target. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Consolidating at a short term downside target of 44.74. Trade pressures are down but rising. Volumes are bearish.

The next target down is 43.40.

A close above 49.41 will signal higher.

 

NAT GAS_ QNQ16

Weekly – Still in Uptrend. Trade pressures are up but turning down. Volumes remain bearish.

Daily – Short. In the move down from the 2.78 short entry. Trade pressures are down. Volumes have changed from bearish to bullish.

The next target down is 2.51.

Lower stops to the short entry of 2.78.

[7-17-16: Sun nite action stopped out @ 2.78.]