CRUDE_ Still looking for a footing. The lack of storage could put further pressure on price by forcing some sales onto the market.
Weekly – Trade pressures are still negative but turning up. Volume is Neutral.
Daily – Still in the trade up from the long entry of 48.05. The next target up is 55.90.
But trade pressures are down and Volume is bearish. Price appears to be looking to retest the 44.47 low pivot. A failure of that retest would activate the 33.78 target.
NAT GAS_ The cold February doesn’t seem to have had much impact.
Weekly – Trading pressures remain down. Volume is bearish. 2.22 is the next weekly – target down.
Daily – Trade pressures are up. Volume is bullish. The trade is long from the 2.81 entry price. The next target is 3.17. The stop is a close below the 2.57 pivot low.