CRUDE_ CLF17  #crudeoilfutures

Weekly – Still in the long term downtrend. Trade pressures are up. Volumes have changed to bullish.

Daily – Flat. In a retracement move up inside the still active down move. Trade pressures are in the neutral zone and rising. Volumes have changed to bullish for the last three days.

The next target up for this retracement move is 53.99.

The downside target still is 41.50.

A close below the old 49.50 short entry could signal a second leg down.

 

NAT GAS_ QNF17  #naturalgasfutures

Weekly – Still in the downtrend. Trade pressures are up. Volumes have changed to bullish.

Daily – Long. in the move up from 2.84. Trade pressures are up. Volumes have changed from bullish to neutral.

Have moved up thru the 3.41 target. With the change to neutral volume, this 3.41 is now the stop and support.

The next target up is 3.86.

A close below 3.28 could signal a new move down.

[12-7-2016 – Raise stops to 3.47]