CRUDE_  CLH16

Weekly – consolidating around the 30.72 weekly target and near the end of the downward time cycle. Trade pressures are near a bottom. Volumes are bullish.

Daily – Long. The spike down last week set up the new long entry of 30.60. Trade pressures are down but rising nicely. Volumes are bullish.

Stops at 29.25.

[Jan 28th, raise stops to 32.69 ]

 

NAT GAS_ QNH16

Weekly – Still in the pullback after touching the long confirmation levels. Trade pressures are neutral. Volumes are also neutral.

Daily – Flat. After a profitable move up to 2.40, the new short entry at 2.08 has been triggered, but the extended Trade pressures say  – no entry yet. Trade pressures are down and hooking up. Volumes remain bearish.