CRUDE_ CLM24

Weekly – In the March 2024 uptrend . Trade pressures are down. Volumes are now bearish.

Daily – Flat. Consolidating at the 200 day MA.  Trade pressures are up into the neutral zone.  Volumes remain bearish.

The next target down is 74.06. The expected oversold level is lower to 78.02.

A close above 79.64 would signal higher. The expected overbought levels are also lower to 85.57.

 

NAT GAS_ NGM24

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

Daily – Long.  The break above 1.97 on 5/2 sent the market higher, now in a pull back. Trade pressures are up.  Volumes remain bullish.

At the 2.22 target.  The expected overbought level rises to 2.35.

A close below 2.23 would signal lower.   The expected oversold level rises to 1.96.

[5-10-24: Raise SL to 2.22.]

[5-12-24: Stopped out for a gain in the Sunday nite session.]