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CRUDE_ CLQ24

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

Daily – Long. In the move up from the 78.78 long entry on 6/17.   Trade pressures are up.  Volumes are bullish.

The next target up is 82.30. The expected overbought levels are now higher at 81.99.

[Set the SL at 79.75.]

A close below 78.28 would signal lower. The expected oversold level rises to 75.71.

[6-28-24: Raise the SL to 80.21]

 

NAT GAS_ NGQ24

Weekly – In the April 2024 uptrend.  Trade pressures are up.  Volumes are neutral.

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

The next target down is 2.42. The expected oversold level rises to 2.63.

A close above 2.89 would signal higher.  The expected overbought level declines to 3.16.