#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly – June Crude is down hard and testing the weekly support at 65.19. Trade pressures are down. 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 62.99. Take profit there.

A close above 66.75 would signal higher.

 

NAT GAS_  NGH22

Weekly –  March Nat Gas is in the long uptrend from April 2020. Trade pressures are down. Volumes are bearish.

Daily – Long. In the new move up from the 5.007 long entry. Trade pressures are up. Volumes are bullish.

Long at the open of the Sunday session, @4.818.

The next target up is 5.63. Take that profit as the weekly pressures is still down.

A close below 4.45 would signal lower and is also the SL.

[11-30-21: Loss at 4.45. Do Not trade against the weekly trade pressures.]