CRUDE_ CLH16

Weekly – The new March contract has crude at a downside target of 30.72. Trade pressures are down. Volumes are non-stop bearish.

Daily – Flat. No pullback was sufficient to enter a new short.The next target down is 29.91. Trade pressures are down. Volumes are bearish but declining.

A close above 33.14 would signal higher.

 

NAT GAS_ QNG16

Weekly – In a pullback from the weekly long confirmation of 2.44. Trade pressures are up. Volumes are neutral from bullish.

Daily – Flat. In a pullback from the 2.49 high.  Trade pressures are down. Volumes are bearish.

Now near a new short entry level of 2.08.  Wait for the 60 minute to resolve the oversold condition.