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CRUDE_ CLV24

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

Daily – Flat. In the move up from the 76.14 break out of the bull flag on 8/26; but finding immediate resistance at 77.62.   Trade pressures are now up.  Volumes are now bullish.

The next target up is 78.18. The expected overbought levels are lower at 78.06.

A close below 75.71 would signal lower ( Global slowdown? ). The expected oversold level declines to 70.80.

[8-27-24: New Contract, CLV24. Short At 75.71.  Set S:L at 75.98 lower to BE asap]

[8-29-24: SL hit at 75.98. ]

 

NAT GAS_ NGV24

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

Daily – Flat.  The long trade at 2.14 was stopped out for a breakeven. Trade pressures are down.  Volumes are bearish.

The next target down is 1.93. The expected oversold level rises to 1.94.

A close above 2.14 would signal higher. The expected overbought level declines to 2.26.