Oil & Gas

CRUDE_ QMU15

Weekly – Traded down thru the weekly 44.40 target. Trade pressures are down. Volume is bearish.

Daily – No trade. Took profits at the 42.55 target 8-13-15. Trade pressures are still down. Volume closed the last day Bullish after a spike down to 39.55. Maybe a “wash and rinse”?

Need a close above 45.92 to trigger a new long entry.

NAT GAS_ QNU15

Weekly – Still no direction. Trade pressures swing down and up every two weeks, Now showing up.. Volume is neutral.

Daily – No Trade, Flat. Trade pressures are down. Volume is bearish.