Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

Weekly – The October 2018-2020 trendline is holding as support. Trade pressures have turned back up. Volumes are bullish.

Daily – Flat. In the April move up. trade pressures are now down. Volumes are now neutral.

In a two day pullback, if  price breaks above 65.32 then the next target up is the  prior high of 66.76.

A close below the new short trigger at 64.00 would signal lower.

 

NAT GAS_ NGM21

Weekly – Testing the Dec 2020 Downtrend resistance a t 3.12. Trade pressures are up. Volum es are bullish.

Daily – Flat. In the uptrend from the April long entry art 2.78. Trade pressures are now down into the neutral zone. Volumes are bullish.

The next target up is 3.08.

A close below 2.79 would signal lower.