CRUDE_ trying to form a bottom. The $10 move up for the 43.75 low seems to be holding. But the weekly oil storage reports continues to show a build in inventory. So some retest of these lows seems likely. [the march contract rolls to June before the end of February.]

Weekly – Trade pressures showing some hint of turning up. Volume is bullish. The weekly move is still down with the next target of 39.135 still active.

Daily – The trade is long from the 48.10 long entry. he next target up is 55.30.  Trade pressures are neutral. Volume is bullish.

NAT GAS_  at 2.62 natural gas is testing the 2012 2.70 lows.  While the drilling rigs are being parked the production is still continues as the producers need the cash. The decline rates on these gas wells seems to be steep, so production volumes may drop more quickly than anticipated.

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

Daily – The trade is still down from the $4.28 short entry in November 2014. the next target down in 2.35. Trade pressures are down. Volume is bearish.

Need a close above 2.78 for a new long entry.