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CRUDE_ CLZ22

Weekly – In the September 2022 downtrend. Trade pressures are up out of the neutral zone. Volumes are bullish.

Daily – Flat. In a retracement up after the move down from the 10/18 short entry. Trade pressures are up but turning down. Volumes are now neutral.

At the 90.16 over-bought level.

The next target down is a retest of the short entry.

the oversold level is 81.38, which should act as support and a possible new long entry.

 

NAT GAS_ NGZ22

Weekly – In the new October 2022 downtrend from 10/21. Trade pressures are down. Volumes are bearish.

Daily – Short, in the move down from the 8.87 short entry on 9/16. Trade pressures are in the neutral zone. Volumes are now neutral.

At the 5.76 target down.. Over-sold is at 4.87. TP there.

A close above 6.50 would signal higher. But this is also an over-bought level.