#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21 (June 2021 Contract)

Weekly – 5 weeks up into the downtrend resistance. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up from the 43.47 breakout. Trade pressures are up. Volumes are bullish.

At the 46.46 target. The next target up is 52.77.

A close below 44.60 would signal lower.

Raise the stops to the 44.60 level.

[12-10-20: Raise stops to 47.50] [and now Flat.]

 

NAT GAS_ NGH21

Weekly – Breaks down into a new downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. The expected move up did not materialize. Trade pressures are down. Volumes closed bullish.

The next target down is the 2.47 level.

A close above 2.71 would signal higher.