#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ22

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

Daily – Short in the move down from the 83.41 entry on 11/17. Trade pressures are down. Volumes are bullish.

The next target down is 72.49. TP at 72.49.
The oversold level is now 81.02 and close was 80.11, so lower SL to 81.02.

A close above 81.94 would signal higher.

[11/21/22: Rollover. Sell @ mkt.]

 

NAT GAS_ NGZ22

Weekly – In the October 2022 downtrend. Trade pressures are down but rising. Volumes remain bearish.

Daily – Flat. In the consolidation after the low of 5.30 on 10/24. Trade pressures are up but rolling over. Volumes are bullish.

The next target up is the long entry at 6.50.

A close below 6.15 would signal lower.

A always, this is a very high volatility market, so high risk.