Oil & Gas

CRUDE_

The Nov’14 contract is now the front month.
Weekly – trade pressures are oversold and turning up. volume is bearish.
84.03 is the next target down.

Daily – trade pressures are down. volume is bearish.
the 89.68 downside target was met August, then a move up to the long entry of 93.67 was made twice but has not held.
the next target down is 81.44.

a close above 93.67 is required for a new long entry.

NAT GAS_
Weekly – trade pressures are up and volume is neutral.
next target down is 3.49.

Daily – trade pressures are up. volume is bullish.
However still in the down-trade to 3.54.

need a close above 4.43 to start the new long trade.