CRUDE_ CLU16

Weekly – Still in the retracement down from the 49.39 weekly target. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the short entry of 50.83. Trade pressures are down. Volumes are bearish.

At the 44.13 downside target.

The next target down is 38.70.

A close above 48.45 would signal higher.

 

NAT GAS_ QNQ16

Weekly – Still in the move up. Trade pressures are up but extended and rolling over. Volumes are mixed bearish to bullish.

Daily – Flat. In the move down from 2.78. Trade pressures are moving up thru neutral. Volumes have changed to bullish.