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CRUDE_ CLV22

Weekly – In the Fed 2022 uptrend. Trade pressures are down. Volumes are now neutral.

Daily – Short. In the move down from the 89.48 short entry. Trade pressures are down. Volumes are bearish.

Sitting on the 200 day MA at 86.87, the next target down is 81.30.

A close above 89.00 would signal higher. [9/7/22: Lower stops to 87.47.]

[9/7/22: Take profits at the 81.90 target.]

 

NAT GAS_ NGV22

Weekly – In the June 2021 uptrend. Trade pressures are up. Volumes are now neutral.

Daily – Short. In the move down from the 8.90 entry. Trade pressures are down. Volumes are bearish.

The next target down is 8.56.

A close above the prior bar’s high at 9.24 would signal higher. Use this 9.24 as the stop.

[9/7/22: at the the 7.80 target. Take profits here.]