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CRUDE_ CLM24

Weekly – In the March uptrend from. Trade pressures are up, but declining. Volumes are now neutral.

Daily – Flat. In consolidation; moved down below the short entry at 84.51 on 4/17 and further to the 80.00 support.  Trade pressures up.  Volumes are now bullish.

The next target down is 80.57. The expected oversold level is 80.90.

A close above 85.51 would signal higher. The expected overbought levels are 85.99.

 

NAT GAS_ NGM24

Weekly – In the February 2024 downtrend.  Trade pressures remain down.  Volumes remain bearish.

Daily – Flat. New contract short entry was 2.09.  Trade pressures are down.  Volumes remain bearish.

The next target down is the 1.64 downside ML.  The expected oversold level declines to 1.54.

A close above 1.94 would signal higher.   The expected overbought level rises to 2.02.