Oil & Gas

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CRUDE_ CLZ21

Weekly – In the weekly move up. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 70.00 breakout on 9-15. Trade pressures are up. and trending. Volumes are bullish.

The next target up is 84.77. A close below 81.36 would signal lower.

 

NAT GAS_ NGZ21

Weekly – In the retracement of the October 5th spike high. Trade pressures are down into the neutral zone. Volumes are neutral.

Daily – Flat. In the retracement down from the highs. Trade pressures are now up. Volumes remain neutral.

The next target up is 5.65. looking for a back-test of the 25×5 MA at 5.10 to re-enter the long.

A close below 4.82 would signal lower and is the long stop.