CRUDE_ CLU23

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

Daily – Long, from the trend change at 74.12 on 7/11. Trade pressures are up. Volumes remain bullish.

The next target up is 82.99.  The expected overbought levels are now 82.50. {Take profits here.]

A close below 78.32 would signal lower. The next oversold level is 76.80.

 

NAT GAS_ NGU23

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

Daily – Flat. Another pullback to 2.46, then a new long at 2.43.  Trade pressures are up. Volumes are now neutral.

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

A close below 2.5 would signal lower. The expected oversold level is 2.48. (A lower low)

The average daily range is still higher than the distance to next target.
Still too much volatility; stops won’t work.  Stay Away.