CRUDE_ CLN16 (roll on the 22nd of June)

Weekly – In the uptrend. Trade pressures are up and extended. Volumes remain bullish.

Consolidating at the weekly 48.86 upside target.

Daily – Short. The close below the 49.58 level has triggered the new short. Trade pressures are down. Volumes have changed from bullish to bearish.

The next target down is 46.25.

Stops at the 51.67 contract highs.

[6-15-16: lower stops to the short entry of 49.60.]

[6-17-16: buy July @ 47.98 and sell august @ 48.56.]

 

NAT GAS_ QNN16

Weekly – The 2.00 level has held. Trade pressures are now up. Volumes are bullish. Need a close above the 2.71 level to confirm the daily bullish move.

Daily – Flat. In the move up. Trade pressures are up and extended. Volumes remain bullish.

2.74 is the next target up. Stops at 2.45 if long.

A close below 2.51 could signal a retracement lower.