#crudeoilfutures #naturalgasfutures

CRUDE_ CLU22

Weekly – In the Feb 2022 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 8/1 short entry at 94.59. Trade pressures are up but turning down. Volumes are now neutral.

The next target down is 86.43.

A close above 95.53 would signal higher.

 

NAT GAS_ NGU22

Weekly – Remains in the long June 2021 uptrend. Trade pressures are up. Volumes are now bullish.

Daily – Long. In the new move up from 8/11 at 8.52. Trade pressures are up. Volumes are bullish.

Wait for the over bot to work off, then buy below 8.52.

A close below 8.50 would signal lower and is the SL.

[8-17-22: The reversal down then back up thru the 8.52 occurred on 8/15. today, 8/17, nat gas trades down to the 9.21 SL. Sell NGU22.]