Oil & Gas

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CRUDE_ CLM22

Weekly – In the January 2022 uptrend. Trade pressures are down into the neutral zone. Volumes are neutral.

Daily – Short. In the move down from the 106.24 entry price. Trade pressures are down. Volumes are neutral.

The next target down is 90.37.

A close above 95.66 would signal higher.

[4-12-22: Set the stop at 102.30.]

 

NAT GAS_ NGN22

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

Daily – Flat. In the sharp move up to the 6.60 target. Trade pressures are up and trending. Volumes are bullish.

The next target up is unknown. Price is at the top of the risk range and susceptible to a move down.

A close below 6.65 would signal a retracement.