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CRUDE_ CLV24

Weekly – In the March 2024 uptrend and above support. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. The short entry was stopped out for a small loss.  Trade pressures are now down.  Volumes are now bullish.

The next target down 71.92. The expected oversold level rises to 71.15.

The next target up is 76.12 and expected support level is 72.67. The expected overbought levels are lower at 77.74.

 

NAT GAS_ NGV24

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

Daily – Flat.  Basing at the 2.00 level. Trade pressures are rising into the neutral zone.  Volumes remain bearish.

The next target down is 1.93 with support is at 2.09. The expected oversold level declines to 1.92.

A close above 2.14 would signal higher. The expected overbought level declines to 2.24.