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CRUDE_ CLZ24

Weekly – In the September 2024 downtrend, rising to resistance. Trade pressures are down. Volumes are now bearish.

Daily – Flat. In the move down from the test of the 200 day MA at 73.17 on 11/07.  Trade pressures are down but rising.  Volumes are neutral.

Failed the retest of the 67.57 target. The expected oversold level holds at 67.21.

A close above 69.05 would signal higher. The expected overbought levels decline to 70.34.

 

NAT GAS_ NGZ24

Weekly – In the August 2024 downtrend. Trade pressures are down.  Volumes remain bearish.

Daily – Long.  In the 11/11 move up from 2.81. Trade pressures are down.  Volumes are now neutral.

Closed above 2.81 to start a new uptrend. The expected overbought level rises to 3.04.

The next target down is 2.63. The expected oversold level rises to 2.57.

[11-17-24: Set the SL at 2.81.]

[11-20-24: Raise the SL to 2.94.  Set profit stop at 3.37 OCO]

[11-21-24: Profit stop met. Flat.]