Oil & Gas

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CRUDE_ CLX22

Weekly – In the September 2022 downtrend. Trade pressures are up. Volumes are bullish.

Daily – In the move up from the 79.33 long entry on 9/28. Trade pressures are up. Volumes are bullish.

The next target up is 96.23. 90.80 is the over-bot level, Since price is above, use this as SL.

A close below 89.18 would signal lower.

 

NAT GAS_ NGX22

Weekly – In the June 202 uptrend, but declining to test support. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 8.87 short entry on 9/15. Trade pressures are up but declining. Volumes are bearish.

6.30 is the over-sold level. The next target down is 5.76.

A close above 7.50 would signal higher.