#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

Weekly – Backtesting the break above 64.28. Trade pressures are up but reversing. Volumes are bullish.

Daily – Flat. Moving up off the 57.35 lows. Trade pressures are up into the neutral zone. Volumes are bearish.

The next target up is 65.45.

A close below 58.00 would signal lower.

 

NATGAS_ NGK21

Weekly –  In the Dec 2020 downtrend. Trade pressures are down, but reversing. Volumes are now neutral.

Daily – Flat. In the move down. Trade pressures are up. Volumes are bullish.

The next target up is 2.69, the new long entry price.

A close below 2.59 would resume the downtrend.