#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – In retracement within the Dec 2020 uptrend. Trade pressures are up but declining. Volumes are bearish.

Daily – Flat. In the retracement down from the 81.73 short entry. Trade pressures are down. Volumes are now neutral.

The next target down is 78.05.

A close above 81.87 would signal higher.

 

NAT GAS_ NGZ21

Weekly – Giving back the entire run-up of September and October. Trade pressure are down. Volumes are bearish.

Daily – Flat. In the move down from the 10/28 short entry at 5.89. Trade pressures are down but rising. Volumes are bearish.

The next target down is 4.64.

A close above 4.91 would signal higher.

Could take a speculative long at the 4.64 target with a tight stop.