#crudeoilfutures #naturalgasfutures

CRUDE_ CLU22

Weekly – In the Jan 2022 uptrend. Trade pressures are now down into the neutral zone. Volumes are bearish.

Daily – Long. Out of the new short trade from the 111.88 entry.  Met the 102.76 target and took profits there. Trade pressures are down. Volumes are bearish.

Now new Long at the 106.31. Set the SL at 103.90.
[6/27/22: Cancel new long. look for short at the upper median line around the 114 level.]

A close below 98.01 would signal lower.

 

NAT GAS_ NGQ22

Weekly – In the June 2021 uptrend, but retracing hard. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 8.92 entry price on June 14th. Trade pressures are are down. Volumes are bearish.

Took profits at the 6.58 level. The next target down is 5.76.

A close above 7.53 would signal higher.