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CRUDE_ CLX23

Weekly – In a new August 2023 uptrend. Trade pressures are up but declining. Volumes are bearish.

Daily – Flat. The drop thru 90.05 on 10/02 triggered the short trade. Trade pressures are down.  Volumes  remain bearish.

The next target down is 75.14.  The oversold levels are now 82.03. Support is at 76.66.

A close above 83.53 would signal higher but likely to find resistance at 88.00. The expected overbought levels are 95.53.

 

NAT GAS_ NGX23

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

Daily – Flat. big breakout at the 2.90 level on 10/03.  Trade pressures are up. Volumes are bullish.

The next target up is 3.52. The expected overbought level is 3.24.

A close below 3.14 would signal lower. The expected oversold level is 2.80.