#crudeoilfutures #naturalgasfutures

CRUDE_ CLH23

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

Daily – Flat. In the 11/17 move down from 81.60. Trade pressures are down. Volumes are bearish.

The next target down is 73.35. 77.44 is oversold.

A close above 79.42 would signal higher. 85.65 is overbought.

 

Nat Gas_ NGH23

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

Daily – Flat. In the move up from the 5.70 second long entry on 11/17. Trade pressures are up but rolling over. Volumes are now neutral.

The next target up is 8.00. 7.71 is overbought.

At the 62% target of 6.85. A close below 6.18 would signal lower. 5.75 is oversold.