#crudeoilfutures #naturalgasfutures

CRUDE_ CLU22

Weekly – In the January 2022 uptrend. Trade pressures are down. Volumes are bullish.

Daily – Long. Completed the move down to the 92.72 target, Trade pressures are in the neutral zone. Volumes are neutral.

The close above the 100.35 triggered the new long entry. The next target up is 108.53.

A close below 97.83 would signal lower.

[7-12-22: stopped out at the 97.83 SL. The weekly did not confirm.]

 

NAT GAS_ NGQ22

Weekly – In the June 2021 uptrend. Near the 4.27 support level. Trade pressures are down. Volumes are bearish.

Daily – Long. The 6.10 entry has been triggered. Trade pressures are up. Volumes are bullish.

The next target up is 6.93.

A close below 5.96 would signal lower. The weekly does not confirm; set the stops at 5.96.

[7-12-22: raise stop to BE @ 6.10.]

[7-13-22: Weekly turning up but still down. profit stop at 6.72.] [Noon: out at 6.72]