Oil & Gas

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CRUDE_ CLM21

Weekly – In the Dec 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. in the move up from the Nov 2020 break above the 200 Day MA. Trade pressures are Volumes are bearish.

The next target up is 53.98, the prior high.

A close below 51.30 would signal lower.

 

NAT GAS_ NGH21

Weekly – Rising in the Dec 2020 downtrend. Trade pressures are up. Volumes are bearish.

Daily – Long. In the move up from the 2.52 level. Trade pressures are down. Volumes are bullish.

The next target up is 2.79, then 2.92.

A close below 2.60, the 25×5 MA, would signal lower.