CRUDE_ CLZ15

Weekly – In a confirmed downtrend. Trade pressures are neutral. Volume has changed from bearish to bullish.

Daily – Short. Flat. The price action caused a wait for a pullback above the the short entry price of 44.70. Now trade pressures have risen to “up”. volume has turned to bullish.

Take the short trade this week. above the 44.70 short entry price with a tight stop of 48.91.

[Update; 11-3-2015, Short @Monday opening price of 46.43. Stops at 48.91.]

[Update 11-6-2015: Lower stops to below breakeven @ 45.56. Next profit target down is 42.87]

 

NAT GAS_ QNZ15

Weekly – The downtrend remains in place. After a long multi month consolidation above the 2.68 downside target, price broke down on rising volume. Capitulation? Perhaps. Trade pressures are down. Volume is bearish.

Daily – No trade. Flat. the 2.23 target was met. Trade pressures are down. Volume has turned bullish from bearish.

A close above 2.34 would signal higher.