#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ22

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

Daily – Flat. In the move up from the 83.84 long entry on 10/4 which has been stopped out. Trade pressures are up. Volumes are bullish.

The next target up is 96.38. Overbought is 91.84.

A close below 91.74 would signal lower. Oversold is at 84.14.

 

NAT GAS_ NGZ22

Weekly – In the October 2022 downtrend. Trade pressures are down, but rising. Volumes are now neutral.

Daily – Flat. In the move off the oversold low of 5.30. Trade pressures are up. Volumes are bullish.

The new long entry is above at 6.50. Oversold is 6.56. so maybe pass this trade.

A close below 6.31 would signal lower. But that is inside the volatility true range , so pass this also.