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CRUDE_ CLM23

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

Daily –Flat. at the oversold level of 64.91. In a new move up from 67.51. Trade pressures are now up but declining. Volumes are neutral.

The next target up is 71.89. The expected overbought level is 75.44.

A close below 67.69 would signal lower. The oversold level is 64.91.

[3/31/23: Overbought levels reached. Sell June contract at 75.18 the new short entry. SL at 75.61.]

 

NAT GAS_ NGN23

Weekly – In the December 2022 downtrend. Trade pressures are down but rising. Volumes remain bearish.

Daily – Flat. sitting on the 2.81 support . Trade pressures are down but rising. Volumes are now neutral.

A close above 2.90 would signal higher. The next target up is 3.25. Overbought is at 2.57.

Downside support is still at 2.81. The expected oversold level is 2.105.