Oil & Gas

CRUDE_
Weekly – Trade pressures are turning up slightly. Volume is bullish for three weeks. coming down to test the 49.40 support.

Daily – in the long trade from the 48.65 entry price. Trade pressures are neutral. Volume is bearish. The next target up is 55.90.

A close below 46.53 would signal lower.

NAT GAS_
Weekly – The weekly close below the 2.70 support and then closing back up above is an indication of accumulation. The action is accompanied by neutral volume for these last two weeks. Trade pressures remain down.

Daily – the trade is long from the 2.78 entry price. The next target up is 3.15. Trade pressures are up. Volume is bullish. Stops at the 2.56 low.