#crudeoilfutures #naturalgasfutures
CRUDE_ CLM22
Weekly – In the January 2021 uptrend. Trade pressures are up, but declining to the neutral zone. Volumes are bearish.
Daily – Short. In the move down from the 75.59 short entry. Trade pressures are down. Volumes are bearish.
The next target down is 68.89.
A close above 72.80 would start a short retracement up, to perhaps 75.50.
NAT GAS_ NGZ21
Weekly – June 2021 uptrend still intact. Trade pressures are down. Volumes are bearish.
Daily – Flat. In the move down from the 5.89 short entry. Trade pressures are up. Volumes are bearish.
The next target down is 4.64.
A close above 5.33 would signal higher.