Oil & Gas

CRUDE_   [Sept WTI]

Weekly – Approaching the weekly 44.05 target. Trade pressures are down. Volume is bearish.

Daily – In the short trade from the 51.42 entry. Traded down to the 46.99 target with a two day bounce and then resumed the move down. The next target is 42.55. Trade pressures are down but showing some divergence. Volume is bearish.

Need a close above 49.15 to signal higher.

NAT GAS_

Weekly – Side ways chop is only apt description. Trade pressures are down. Volume has changed from bullish to neutral.

Daily – at the long entry price of 2.75 but no volume confirmation. trade pressures are down. Volume is bearish.