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CRUDE_ CLH23

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

Daily – Flat. Retracing the new move up from the 74.67 long entry on 12/13/22. Trade pressures are down but rising. Volumes are bearish.

The next target down is the prior low of 70.50.

Need a close back above the long entry price at 74.70 to re-enter the long trade.

 

NAT GAS_ HGH23

Weekly – In the October 2022 down trend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 5.45 short entry on 12/19/22. Trade pressures are down hard and trending. Volumes remain bearish.

The next target down is 3.08; well blow the oversold level of 3.51. Use that 3.1 as the SL.

A close above 3.62 would signal higher. 4.91 is the over bought level. Take profits below there.