Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – Remains in the Dec 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up from the break out at 70.12. Trade pressures are up but rolling over. Volumes are bullish.

The next target up is 72.75.

A close below 69.70 would signal lower. Use 69.70 as the stop.

[9-20-21: stopped out at 69.70.]

 

NAT GAS_NGZ21

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

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

Reached the high of 5.79. The next target up is 5.63

Now in a retracement. The next target down is 5.09.
Set the stop at 4.89.

[09-21-21: stopped out at 4.89.]