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CRUDE_ CLU23

Weekly – Remains in the July 2022 downtrend. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Flat. In the  move down from 70.31 on 6-20. Trade was stopped out for a loss. Trade pressures are down. Volumes are bearish.

The  next target down is 65.81. The expected oversold levels are now 66.75.

Expect a retracement up from 68.78. A close above 70.19 would signal higher. The next overbought level is 71.98.

 

NAT GAS_ NG@23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are up. Volumes are now bullish.

Daily – Long. Broke above the 2.51 resistance on 6/15.  Trade pressures are up. Volumes are bullish.

The next target up is 3.43. The expected overbought level is 2.41.

A close below 2.465 would signal lower. The expected oversold level is 2.13.

Still too much volatility, Stay Away.