CRUDE_ CLZ16  #crudeoilfutures

Weekly – Near overhead resistance. Trade pressures are up but declining. Volumes have changed to neutral.

Daily –  Short. The short entry at 48.98 has been triggered. Trade pressures are down. Volumes are bearish.

The next target down is 43.75. At the 25×5 moving average support level so expect some consolidation here.

Stops at the 52.22 high pivot.

[11-1-16: lower stops to the entry price of 48.25.
Take profit at the next profit target of 43.75]

[11-4-16: profit target reached: sold.]

 

NAT GAS_ QNz16  #naturalgasfutures

Weekly – On the 25×5 moving average support level. Trade pressures are down. Volumes are bearish.

Daily –  Flat. Still in the downtrend. Trade pressures are down. Volumes are bearish.

Consolidating at the 3.02 downside target. The next target down is 2.80.

Need a close above the 3.15 level to signal higher.