#crudeoilfutures #naturalgasfutures

CRUDE_ CLU24

Weekly – In the March 2024 uptrend and above support. Trade pressures are down. Volumes are now bullish.

Daily – Long. In the move up from 74.78 on 8/8. Trade pressures are up.  Volumes are now bullish.

The next target up is 77.89. The expected overbought levels are lower at 77.72.

A close below 75.28 would signal lower. The expected oversold level rises to 71.78.

[8-8-24: Long at 74.78.]

[8-11-24: set the SL at 74.78.]

[8-12-24: Raise the SL to 77.89.  ** 10 min before close, raise to 78.70.]

[8-13-24: Stopped out at 78/70.]

 

NAT GAS_ NGQ24

Weekly – In in a new August 2024 downtrend.  Trade pressures remain  down.  Volumes are now bullish.

Daily – Flat.  The small rally has triggered a long trade at 2.14. Trade pressures are up.  Volumes are bullish.

the next target up is 2.40. The expected overbought level declines to 2.21.

A Close below 2.10 would signal lower. The expected oversold level remains at 1.91.

[8-11-24: Set the SL at 2.10.]

[8-12-24: Raise the SL to the entry price, 2.14.]