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CRUDE_ CLX20

Weekly – Trading in the 35 and 45 dollar channel. Trade pressures are down but basing. Volumes are bullish.

Daily – Flat. At the downtrend resistance line. Trade pressures are up. Volumes are bullish.

The next target down is 35.05.

A close above 42.13 would signal a new move up.

 

NAT GAS_ NGX20

Weekly – Testing the support of the uptrend. Trade pressures are down but rising. Volumes are bullish.

Daily – Long. In a retracement move up inside the September downtrend from the 2.62 entry. Trade pressures are up. Volumes are bullish.

The next target up is 2.90.

The next target down is 2.27.

Resistance at the 2.90 levels. Set the stops at the 2.37 prior low.

[10-13-20: Raise stop to 2.65 the breakeven.]

[10-14-20: stopped out at breakeven.]