CRUDE_ WTI. (now in the April contract)

Weekly –  consolidation still underway.  Trading around the 49.40 target. Trade pressures remain down but extended and turning. Volume has changed from bullish to neutral.

Daily – Still in the long trade from 48.68. the next target up is 55.90. Trade pressures are down and Volume is bearish.  The only plus is that price is holding with all these downward pressures. A fragile trade, be alert for a reversal.

A close below 47.36 is the stop.

NAT GAS_ a weather market.

Weekly – in the consolidation trade that began in early 2012 after the drop from the $7 highs. Trade pressures are down. Volume has turned bearish from last weeks neutral. consolidating around the 2.74 prior lows.

Daily – Trade pressures are down. Volume is bearish. While still in the long trade from the 2.78 entry, the last three days have been down.

The stop is the low at 2.56.