#crudeoilfutures #naturalgasfutures

CRUDE_ CLV24

Weekly – In the September 2024 downtrend  after breaking support. Trade pressures are in the neutral zone. Volumes remain bearish.

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

At the 67.78 downside target. The expected oversold level decline to 67.16.

At support. A close above 70.11 would signal higher. The expected overbought levels are lower at 74.44.

 

NAT GAS_ NGV24

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

Daily – Long.  In the move up from 2.14 on 9/2 and rallies for the week to 2.28. Trade pressures are up.  Volumes are bullish.

The next target up is 2.38. The expected overbought level rises to 2.31.

A close below 2.18 would signal lower. Set this 2.18 as the SL. The expected oversold level rises to 2.07.