#crudeoilfutures #naturalgasfutures
CRUDE_ CLU22
Weekly – in the Jan 2022 uptrend. Trade pressures are up. Volumes are bullish.
Daily – Flat. This September contract is lagging the July contract. Trade pressures are up but turning down. Volumes are bullish.
The next target up is 118.90.
A close below 111.88 would signal lower.
NAT GAS_ NGN22
Weekly – In the June 2021 uptrend. Trade pressures are up but showing divergence. Volumes are bullish.
Daily – Flat. The reversal of the the move down was immediate and stopped out any shorts.. Trade pressures are down but rising. Volumes are bullish.
The next target up is 9.84.
A close below 8.45 would signal lower.