CRUDE_ CLQ16

Weekly – Still in consolidation and in an upmove. Trade pressures are up but declining. Volumes have returned to bullish.

Daily – Flat. Looking for a new short at the 50.10 short trigger level. Trade pressure have declined to the neutral zone. Volumes are bullish but declining.

The 52.17 high would stop out any short trade.

 

NAT GAS_ QNQ16

Weekly – Hot Summer Months have moved Nat Gas thru the weekly long confirmation level of 2.71. Trade pressures are up and extended. Volumes remain bullish.

Daily – The 3.00 high is a nice round number. Trade pressures are trending but declining slowly. Volumes have turned neutral.

Look for some consolidation here.