Oil & Gas

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CRUDE_ CLM22

Weekly – In Jan 2022 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the sideways channel. Trade pressures are up. Volumes are bullish.

The next target up is the prior high of 116.07.

The nbext target down is 92.87.

 

NAT GAS_ NGM22

Weekly – In the June 2021 uptrend. Trade pressures are up but declining. Volumes are bullish.

Daily – Flat. In the move down from the 8.221 short entry on May 6th. Trade pressures are up. Volumes are bearish.

The next target down is 5.87.

A close above 7.73 confirms the retracement move up.