Oil & Gas

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CRUDE_ CLZ21

Weekly – Now testing the 59.24 support of the Jan 2021 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 70.50 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 56.59.

A close above 64.10 would signal a retracement up of this down-move.

 

NAT GAS_ NGU21

Weekly – In the June 2021 uptrend. Trade pressures are up but rolling over. Volumes are neutral.

Daily – Flat. In the move down from the 4.26 short entry. Trade pressures are rising to the neutral zone. Volumes are bearish.

The 3.92 target was met and a small rally ensued. The next target down remains the 3.92 level.

A close above 4.12 would signal higher.