Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – In the December 2020 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move up from the 64.50 long entry. Trade pressures are up into the neutral zone. Volumes are now bullish.

The 70.93 resistance break will signal a new move up.

A close below 67.55 would signal lower. The moving average at 61.74 would be a likely target.

 

NAT GAS_ NGZ21

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

Daily – Long; in the move up from the  8/26 4.29 entry. Trade pressure are up. Volumes are bullish.

The next target up is 5.48.

A close below 4.96 would be the stop.