#crudeoilfutures #naturalgasfutures

CRUDE_ CLU23

Weekly – In the July 2022 downtrend. Trade pressures are up into the neutral zone. Volumes are now neutral.

Daily – Flat. In the move up from the 69.27 move to uptrend on 6/1. Trade pressures are up. Volumes are neutral.

The next target up is 75.54. The next overbought level is 72.58.

A close below 69.93 will signal lower. The expected oversold levels are now 67.31.

 

NAT GAS_ NGN23

Weekly – In the December 2022 downtrend; sitting on long term support. Trade pressures are u[p into the neutral zone. Volumes are now neutral.

Daily – Flat. Pulled back below support to 2.13, then a breakout rally into a new uptrend on 6/2.  Trade pressures are still  down. Volumes remain bearish.

Need a close above 2.27 to trigger a new long The expected overbought level is 2.68.

A close below 2.13 would signal lower. The expected oversold level is 2.11.