CRUDE_ CLQ16

Weekly – The 49.39 target has acted as resistance. trade pressures have moved down into the neutral zone. Volumes have changed to bearish.

Daily – Flat. Stayed below the 50.10 short entry all week. Trade pressures are down, Volumes are bearish.

The next target down is 43.40.

If long, lower stops to 48.71.

 

NAT GAS_ QNQ16

Weekly – Still in the uptrend. Trade pressures are up and extended. Volumes have turned to bearish.

Daily – Short. 2.78 is the new short entry. Trade pressure are down. Volumes are bearish.

The next target down is 2.51.

Stops at the 3.00 highs.