#crudeoilfutures #naturalgasfutures

CRUDE_ CLJ25

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

Daily –Short. In the move down from 76.59 on 1/21.  Trade pressures moved up in a rally attempt then failed. Volumes are bearish.

The next target down is 68.18.  The expected oversold level declines to to 69.85.

Need a close above 77.22 level to signal higher.  The expected overbought levels declines to 74.70.

[Set a SL at the parallel line breakout, @71.77.]

[2-18-25: Stopped out a the 71.77 level.]

 

NAT GAS_ NGH25

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

Daily – Flat.  In the move up from 3.22 on 2/3 and above the oversold level. Trade pressures remain up.  Volumes are bullish.

The next target up is the upper median line H at 3.84. The expected overbought level declines to 3.76.

A close below 3.61 would signal lower. The expected oversold level declines to 2.90.

[the OB/OS levels are turning down]