Oil & Gas

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CRUDE_ CLH25

Weekly – In the new January 2025 uptrend. Trade pressures are down. Volumes are bearish.

Daily –Short. In the move down from 76.62 on 1/21.  Trade pressures remain down. Volumes remain bearish.

The next target down is 68.19.  The expected oversold level declines to to 70.23.

Need a close above 73.51 level to signal higher.  The expected overbought levels declines to 74.70.

[2-11-25: Flat. Price touches the 73.51. level.]

 

NAT GAS_ NGH25

Weekly – In the new January 2025 uptrend. Trade pressures declining to neutral zone.  Volumes remain bullish.

Daily – Flat.  In the move down from 3.62 on 1/17. Trade pressures are up.  Volumes are bullish.

A close below 3.33 did signal lower. The expected oversold level declines to 2.90.

Need a close above 3.41 to start a move up. The expected overbought level declines to 3.80.

[Too much volatility to trade. All pressures are down.]

[2-11-25: Pressures now up and price above the 3.41 signal.]