CRUDE_ CLJ16

Weekly – New contract. Trade pressures are down but rising. Volumes have been bullish for two weeks.

Daily – Long from the contract adjusted long entry price of 31.35. Trade pressures are up but declining. Volumes are neutral.

Stops tight just below the entry price at 30.86.

[2-22-16: raise stops to 31.35. Next target up is 36.16]
[2-23-16: after a run to 33.84, stopped out at 31.35]

 

NAT GAS_ QNH16

Weekly – Headed to a retest of the lows. trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move down to the 1.60 target. Trade pressures are down. Volumes are bearish.