#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

Weekly – Consolidating at the 64 level. Trade pressures are up. Volumes are bearish.

Daily – Flat. Still in the  November move up. Trade pressures are up but declining. Volumes are bearish.

The next target up is 68.30.

The close below the 63..5 was  not confirmed by the Trade pressures. Now, a close below 62.67 the prior week’s lows would signal lower.

 

NATGAS_ NGM21

Weekly – The 3.00 double top doesn’t look promising. Trade pressures are down. Volumes re main bearish.

Daily – Flat. In the move down from the 2.92 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 2.45.

Expect resistance here at 2.57, the median line. A  close above 2.72 would signal a retracement move up.