#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly – In the January 2022 uptrend. Trade pressures are up but declining. Volumes are neutral.

Daily – Flat. The 94.84 long entry price sent price to the 161 target in five days; then back down in six days. Missed that one. Trade pressures are up. Volumes are neutral.

Now a close above 103.72 would restart the long trade.  [3/21/22: Long. SL now at the 103.72 entry.]

A close below 94.57 would signal lower.

[3-22-22: Sell 105.65, lower highs.]

 

NAT GAS_ NGN22

Weekly – In the July 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Long. stopped the move down from the 5.06 short entry at 4.91. Trade pressures are up. Volumes are bullish.

The Thursday close above 4.91 has stopped the short trade and started a new long entry.

The next target up is 5.25.

A close below the 4.62 pivot would be the SL. [3-21-22: Set the SL at the long entry 4.91.]

[3-22-22: Sell @ 5.20, front month at the upper end of the risk range.]