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CRUDE_ CLM23

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

Daily –Flat. The close below 76.01 triggered a new short entry on 3/13. Trade pressures are down. Volumes are now bearish.

The next target down is 73.66. The oversold level is 74.70.

A close above 73.99 would signal higher. The next target up is 75.87. The expected oversold level is 79.42.

[3-13-23: The spike down in the overnight and the ensuing retracement were not traded. looking for a rally to short around the overbought levels.]

 

NAT GAS_ NGN23

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

Daily – Flat. stopped out at the 3.36 SL. Trade pressures are down. Volumes are now bearish.

The next target up is 3.62. Overbought is at 3.03 and is near the current price.

downside support is at 2.81. The expected oversold level is 2.31.