CRUDE_ CLM16

Weekly – In a retracement move up. Trade pressures are up. Volumes remain up.

48.18 should act as resistance.

Daily – Flat. In a move up from 39.65. Trade pressures are up. Volumes are up.

The next target up is 49.41. Set any long stops to 44.00.

A close below 40 would signal lower.

 

NAT GAS_ QNM16

Weekly – In the sideways price channel. Trade pressures are down. Volumes are neutral.

Daily – Flat. After a trade up to the 2.30 level, price has reversed into a new move down. Trade pressures are up, but declining. Volumes are mixed bullish to neutral.

The new short entry level is 2.09.

The next target down is 1.835. Stops are at 2.30.

No trade – as moving averages are flat.