In the month of November, crude generally has a mixed trend, but a biggish move. Since 2010, it has risen 5 times and declined 4 times, including a whopping 22% crash last year. Long butterfly is a good option.
The chart for Nat Gas looks extremely good. Its trading at its 8 month highs and looks headed further higher. However a short term resistance comes in at 2.8950
Crude is tantalizingly close to its 100-DMA and is still in an uptrend, as displayed by its trender indicators. The uptrend line is also nearby to provide support. It remains a buy on dips while trading above $54.0, a break below which is needed to change the trend.
Natural Gas is in middle of a deep correction after a sharp rally, but is likely to take support and re-rest its recent highs. What is of concern is that short term trender is now showing sell signal. If the medium term indicator also turns, then it would be of huge concern to the bulls.
Although NG is in a strong downtrend currently, its approaching its downward channel lows. Perhaps a small punt can be taken on the buy side with strict SL below 2.39