Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

Weekly – In the Dec 2020 uptrend. Trade pressures are now up. Volumes are bullish.

Daily – Flat. A new retracement short entry at 64.67 inside the move up. Trade pressures are down but rising. Volumes are bearish.

The next target down is 61.36.

A close above 65.29 would restart the move up.

 

NAT GAS_ NGM21

Weekly – In the Dec 2020 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Stuck at the 200 day MA, 2.98. Trade pressures are up. Volumes are bullish.

The next target up is 3.06.

A close below 2.86 would signal lower.