CRUDE_ CLQ16 (roll to August contract)

Weekly – still consolidating around the 49.39 weekly target. Trade pressures are up but rolling over. Volumes remain bullish.

Daily – Short. The roll has the entry at the close of business price of 48.56. Trade pressures are down and extended. Volumes are bearish.

Stops at the adjusted short entry price of 50.10.

Next profit target down is 46.75 and 45.03.

[6-21-16: Stopped out at the 50.10 stop for a loss.]

 

NAT GAS_ QNN16

Weekly – Spiked up thru the long confirmation price of 2.71 but closed below. Trade pressures are up. Volumes are bullish.

Daily – Flat. Trade pressures are up and extended. Volumes have changed to bearish.

This move up appears to be complete.

A close below 2.625 would signal lower.

[Just too much volatility to trade, but good to know the direction of Nat Gas.]