Oil & Gas

CRUDE_

Weekly – Trade pressures are trending upward but still negative. Volume is bullish. Possible trade up to 60.

Daily – In the long trade from 48.55. the next target up is 54.77. Trade pressures are up. Volume is bullish, but light.

Stops at 49.18.

NAT GAS_

Weekly – Still in downtrend to the 2.22 target. Trade pressures are down. Volume remains bearish.

Daily – Has broken the 2.58 low. Still in the down trade. The next taget down is 2.37.

Any trade should have the 2.81 as a stop.