CRUDE_ CLU23

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

Daily – Long, trend change at 74.12 on 7/11. The 200 day MA is holding now as support. Trade pressures are up. Volumes remain bullish.

look for a pull back to support to reenter. The  next target up is 82.99.  The expected overbought levels are now 81.48.

A close below 73.97 would signal higher. The next oversold level is 74.88.

 

NAT GAS_ NGU23

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

Daily – Flat. After the pullback to 2.55, now triggering a long at 2.62 on 7/28.  Trade pressures are down but rising. Volumes are now bullish.

The next target up is 2.73. The expected overbought level is 2.82.

A close below 2.56 would signal lower. The expected oversold level is 2.48.

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