CRUDE_ CLJ16

Weekly – Still within the consolidation area of the 32.86 downside target. Trade pressures are down but still rising. Volumes are bullish, for four weeks now.

Daily – Flat. In the move up from the 31.25 long entry level. Never got back to the 30.50 area. The volatility has kept us out. Now at the first profit target of 36.18. Next target up is 41.08.  Trade pressures are up but extended. Volumes remain bullish.

Above the 25×5 moving average. A close below 34.55 would suggest a retracement down to 31.66.

 

NAT GAS_  QNJ16

Weekly – No change still in the steady move down. 1.370 could be the end of the move down. Trade pressures are down. Volumes remain bearish.

Daily –  Flat. Trade pressures are fully extended. Volumes are moving from bullish to bearish possibly suggesting congestion.

Need a close above 1.78 to signal anew move up.