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CRUDE_ CLH23

Weekly – In the September 2022 downtrend. Trade pressures are up. Volumes are now bullish..

Daily – In the move up from the second leg up thru 74.71 on 1/10/23. Trade pressures are up but declining. Volumes are bullish.

At the oversold level of 81.99. The next target up is 82.18.

A close below 80.00 would signal lower. The expected oversold level is 72.07.

 

NAT GAS_ NGH23

Weekly – In the October 2022 downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the the second leg down from 6.80 on 11/30/22. Trade pressures are down. Volumes are bearish.

The next target down is 2.66. Now at the 3.16 oversold level.

A close above 3.53 would signal higher. Overbought is expected at 3.98.