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CRUDE_ CLQ24

Weekly – In the March 2024 uptrend and at support. Trade pressures are down. Volumes have turned neutral.

Daily – Flat. In a rally back above the 200 day MA at 77.87.   Trade pressures are up.  Volumes are bullish.

At the April 2024 downward trendline resistance. The next target down is 75.58. The expected oversold level roses to 73.15.

The close above 78.78 signals higher. The expected overbought levels are now lower at 79.98.

 

NAT GAS_ NGN24

Weekly – In a new May 2024 uptrend.  Trade pressures remain up.  Volumes are now bearish.

Daily – Flat.  The move up failed at the 200 day MA. Trade pressures are down.  Volumes are now neutral.

The next target down is 2.83. The expected oversold level rises to 2.59.

A close above 3.02 would signal higher.  The expected overbought level rises to 3.20.

[counter trend short , tight stops.]