CRUDE_ CLG16

Weekly – Remains in the downtrend towards the 28.55 target. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Trade pressures are Neutral. Volumes are low and have changed to bullish from neutral.

Need a close above 38.80 to signal a new long entry.

 

NAT GAS_ QNG16

Weekly – The weekly close of 2.33 is near the long confirmation of 2.44. Expect resistance there. Trade pressures are down but rising. Volumes have been Bullish and rising for two weeks.

Daily – Long. The next target up is 2.40. Trade pressure are up. Volumes are bullish. The close above the 2.14 target has changed the trend to up.

Take the profit at that 2.40 target.

Stops at the 2.14 first target.

[Flat 1-7-2016: traded above the 2.40 stop. Sold.]