CRUDE_ CLU16

Weekly – In retracement from the weekly 50.09 target. Trade pressures are down and extended. Volumes remain bearish.

Daily – Flat. Very near the 38.71 downside target. Trade pressures are down but rising. Volumes have changed to bullish.

A close above 44.18 would signal higher.

The stops would be 38.46.

 

NAT GAS_ QNU16

Weekly – Still above the long entry confirmation. Trade pressures are up but declining. Volumes are bullish.

Daily –  Flat. In a move down. Trade pressures have turned down. Volumes have changed to bearish.

However; no clear direction is presented.