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CRUDE_ CLZ23

Weekly – In the August 2023 uptrend still testing support. Trade pressures are down. Volumes remain bearish.

Daily – Flat.  In the move down from 85.39 on 10/23 and now have found support at the April 2023 median line.  Trade pressures are down.  Volumes remain bearish.

The next target down is 65.79. The expected oversold levels are now 73.17.

Crude is basing around the 200 day MA but the bias seems lower.

A close above 79.28 would confirm any signal higher. The expected overbought levels are 79.45.

 

NAT GAS_ NGZ23

Weekly – In the December 2022 downtrend; holding at long term resistance. Trade pressures are still down. Volumes remain bearish.

Daily – Flat. Changed trend to bearish.  Trade pressures are down once again. Volumes are now bearish.

The next target down is 2.83. The expected oversold level is 2.84.

A close above 3.04 would signal higher. The expected overbot level is 3.27.