Oil & Gas

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CRUDE_ CLZ21

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

Daily – Flat. In the retracement off the 84.50 highs. Trade pressures are down. Volumes are bearish.

The Close below 81.73 has signaled lower. No trade as the weekly remains bullish. The next target down is 78.05.

A close above 84.36 would signal higher.

 

NAT GAS_ NGZ21

Weekly – In the June 2021 uptrend. Trade pressures are down into the neutral zone. Volumes are now bullish.

Daily – Flat. The retracement form the 6.64 highs has resolved into a wide channel. Trade pressures are down. Volumes are now bearish.

The next target down is 5.29.

A lose above 5.67 would signal higher.