CRUDE_ CLK16 (the roll to June is soon)

Weekly – In the move down, Need a close above 46 to confirm a new uptrend. Trade pressures are neutral and declining. Volumes remain bullish.

Daily – Flat. In a retracement move down from the 40.40 short entry. The first profit target of 37.07 has been met. The next target down is 33.72. Trade pressures are down. Volumes remain bearish.

Would not be comfortable in a short position without a hedge.

A close above 39.75 could signal a new move up.

 

NAT GAS_ QNK16

Weekly – In the downtrend still consolidating around the lows. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In a move up from the 1.864 long entry price. Trade pressures are up but diverging. Volumes are bullish.

Feels like a pullback before the move really starts.