CRUDE_ [May ’15 contract]  is Europe recovering? Will that change the oil dynamic? Will storage become a problem and force addition sales onto the market? Why wouldn’t the oil dependent nations such as Japan be accumulating reserves?

Weekly – Trade pressures attempted a turn up but have flattened. Volume has resumed its bearish mode. The next levels down are 41.6 and 39.57.

Daily – In the short trade from 48.75. The next target down is 35.36.  Trade pressures are still down but Volume has turned bullish.

The next long entry for a retracement trade is 46.59 with a target of 54.75. That target still doesn’t void the longer cycle short trade. So, if this trade is taken, do it with tight stops.

NAT GAS_ the winter trade.

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

Daily – Sideways channel. no momentum, so no trade. Trade pressures are up. Volume is Neutral.