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CRUDE_ CLN25

Weekly – In the April 2025 downtrend. Trade pressures are down. Volumes are now neutral.

Daily –Flat. In the move up from the 58.15 entry on 5/8.  In the pull back. Trade pressures are down.  Volumes remain bullish.

Met resistance at 63.00, Look for a pull back below 59.00 to re-enter long.  The expected overbought levels rises to 63.67.

The next target down is 58.65. The expected oversold level rises to 56.51.

 

NAT GAS_ NGM25

Weekly – Still in the January 2025 uptrend. Trade pressures are up into the neutral zone.  Volumes are neutral.

Daily – Flat.  In the move up from the 3.00 low pivot touching the 3.77 long entry level; and is now pulling back to support at 3.30.  Trade pressures are down.  Volumes are bearish.

The next target down is 3.20. The expected oversold level rises to 3.25.

A close above 3.40 would signal higher. The expected overbought level declines to 3.78.