CRUDE_ WTI crude

Weekly – has been in a retracement move up. Trade pressures while trending up are still down. Volume has been bullish for these last three weeks. Need a close above 63.50 to confirm a new uptrend.

Daily – Spent the week trying to close above the February high pivot of 58.40. In the long trade from 48. 20.
The 56.20 target was reached and this 58.40 is acting as resistance. The next target up is 62.79.
Trade pressures are up and extended. Volume is neutral indicating some profit-taking /distribution.

NAT GAS_ The drillers need cash-flow, so selling at any price?

Weekly – Sustained downtrend. Trade pressures down. Volume is bearish and rising. Next target down remains 2.22.

Daily – NG rallied to close just below the 2.73 long entry price on 4/16. But trade pressures are flat and volume remains bearish. Still in the short trade with a 2.43 target.

Be ready for a reversal at the long entry of 2.73.