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CRUDE_ CLM23

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

Daily – Flat. In the move up from the 5/5 entry. Trade pressures are up. Volumes are now bullish.

The next target up is 75.49. The next overbought level is 74.35.

The close  below 71.44 has signaled lower. The expected oversold levels are now 69.16.

Look for a bearish reversal in the trade pressures to go short.

 

NAT GAS_ NGN23

Weekly – In the December 2022 downtrend. Trade pressures are down. Volumes remain bullish.

Daily – Flat. The move up through the 2.62 level has changed the trend to up.  Trade pressures are up. Volumes are now neutral.

The next target up is 2.82. The expected overbought level is 2.75.

A close below 2.646 would signal lower. The expected oversold level is 2.31.