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CRUDE_ CLU23

Weekly – Remains in the July 2022 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Short at 75.79. The 200 day MA is holding as resistance. Trade pressures are up but declining. Volumes are now bullish.

The  next target down is 75.84.  The expected oversold levels are now 71.73.

A close above 77.07 would signal higher. The next overbought level is 77.24.

Set the SL at 77.29.

[7-24-23: Stopped put for a loss.]

 

NAT GAS_ NGU23

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

Daily – Flat. In the move down from the 2.72 short entry.  Trade pressures are up. Volumes are now bullish.

The next target down is 2.62. The expected oversold level is 2.45.

A close above 2.76 would signal higher. The expected overbought level is 2.79.

The average daily range is higher then the distance to next target.
Still too much volatility, Stay Away.