#crudeoilfutures #naturalgasfutures
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.