Oil & Gas

CRUDE_ CLX15

Weekly – The down trend continues. Trade pressures down but rising. Volume remains bearish.

Daily – Flat. No trade. Trade pressures are up. Volume is bullish.

Need a close above 46.44 to have a new long entry.

[Update 10/05/15: long from 46.44. 10/06/15 raise stop to break-even.]

 

Nat Gas_ QNX15

Weekly – Hard down. Trade pressures are down. Volume is bearish.

Daily –  Flat. No trade. The long down trend continues. Trade pressures are down. Volume is bearish.

A close above 2.58 could spark a retracement trade.