#crudeoilfutures #naturalgasfutures

CRUDE_ CLM23

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

Daily –Flat. The close above 76.88 triggered a new long entry on 3/1. Trade pressures are up.. Volumes are now bullish.

The next target up is 81.89. The overbought level is 78.83.

A close below 75.78 would signal lower. The expected oversold level is then 73.67.

 

NAT GAS_ NGN23

Weekly – In the December 2022 downtrend. Trade pressures are down but rising. Volumes are now bullish.

Daily – Long. Now in a retracement up from the 2.90 long entry on 2/23. Trade pressures are up. Volumes are now bullish.

The next target up is 3.62. Overbought is at 2.99 and is below the current price.

A close below 3.36 would signal lower. Use the 3.36 level as the SL. The expected oversold level is 2.05.