Weekly – In the September 2022 downtrend. Trade pressures are now down into the neutral zone. Volumes remain bearish.
Daily –Flat. The close below 76.01 triggered a new short entry on 3/13. Trade pressures are down. Volumes are now neutral.
At the 64.87 downside target. The oversold level is now 66.06. Looking for retracement up.
A close above 69.00 would signal higher. The expected oversold level is 74.25.
NAT GAS_ NGN23
Weekly – In the December 2022 downtrend. Trade pressures are down but rising. Volumes are now bearish.
Daily – Flat. In the move down after the impulse off the 2.66 lows. Trade pressures are down. Volumes are now bearish.
A close above 2.90 would signal higher. The next target up is 3.25. Overbought is at 2.94.
Downside support is still at 2.81. The expected oversold level is 2.25.