Oil & Gas

CRUDE_ saw some short covering in the afternoon on Friday.

Weekly – Trade pressures are still down. Volume is bearish. The next target down is 39.13.

Daily – Trade pressures have turned up. Volume is bullish. Price has closed above the long entry price of 48.05. The next target up is 55.30.  The stop is the 43.57 low.

NAT GAS_ NAT GAS has broken down below support.

Weekly – Trade pressures are down. Volume is bearish. The next target down is 2.22.

Daily – has broken below the 2.79 down side target. the next target down is 2.35. Trade pressures are down. Volume is bearish.

Need a close above 2.86 to start anew move up.