$WTIC (Light Crude Oil spot price) is back-testing the apex of the recently broken bearish rising wedge pattern while the negative divergences on the RSI & MACD continue to build, warning of a likely correction that would bring WTI back to the 42.30-43.00 area.
$WTIC daily May 16th
$NATGAS (Natural Gas spot price) closed just above the 2.00 support level following a break below the uptrend line off the March bottom. A break below the 2.00 support level, which appears likely, would open the door for another move down to the 1.90 area (another 5% downside in nat gas prices).
$NATGAS daily May 16th