CRUDE_ [Sept WTI]

Weekly – Approaching the 49.71 short confirmation level. Trade pressures are down. Volume is bearish.

Daily – The daily has a short entry signal at 51.89. Trade pressures are oversold on the down side, so a retracement up may occur before the short trade is taken. Volume is bearish.

A close above 54.92 could signal a new move up.

NAT GAS_

Weekly – Sideways for the summer seems to be the case for natural gas. Trade pressures have turned back up.  Volume has turned from bearish to neutral which can indicate accumulation.

Daily – A close above 3.00 would change the trend to bullish. Trade pressures are up. Volume is bullish. Wait for a pull back to see if the 2.75 long entry can be taken. As of now, no trade.