#crudeoilfutures #naturalgasfutures

CRUDE_ CLX22

Weekly – In the August 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. The 89 to 79 trade setup was successful. Trade pressures are now up. Volumes are still bearish.

The next long entry was triggered at 79.33 on 9/27. The next target up is 82.45.

A close below 76.25 would signal lower. Use this as the SL.

[10/4/22: Take profits at 88.60. Set new SL at 84.93.]

[10/6/22: Profit stop hit overnight, out at 88.60.]

 

NAT GAS_ NGX22

Weekly – In the June 2021 uptrend. Trade pressures are down hard. Volumes remain bearish.

Daily – Flat. In the move down from the 8.70 short entry on 9/15. Trade pressures are down. Volumes are bearish.

At the next target down 6.56, the 200 day MA.

A close above 7.78 7.44 would signal higher.