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CRUDE_ CLX24

Weekly – In the September 2024 downtrend, rising to resistance. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. In the move up off support at the 200 day MA at 73.34.  Trade pressures are up.  Volumes are bullish.

The next target up is 77.08 which is resistance. The expected overbought levels are higher at 78.75.

A close below 73.34 would signal lower. The expected oversold level rise to 71.09.

[10-13-24: Short after the break below the 200 day MA at 73.34. 10-14-24: Set the SL at 73.34. Take profit at 68.15.]

[10-17-24: Lower SL to 71.29]

[10-18-24: Lower SL to 70.70.]
[10-18-24: raise profit stop to 68.50, which should execute immediately.]

 

 

NAT GAS_ NGX24

Weekly – In the August 2024 downtrend, but near a break out.  Trade pressures are down.  Volumes are neutral.

Daily – Flat.  In the move down after meeting the upside resistance at 3.01 (the 200 day MA). Trade pressures are down.  Volumes are bearish.

The close below 2.66 signals lower, but with the oversold nearby; wait. The expected oversold level declines to 2.59.

The next target up is 2.71, needed to start a new uptrend. The expected overbought level declines to 3.04.