#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

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

Daily – Flat. Moving side ways. Trade pressures are down. Volumes are bearish.

The next target  up is 53.44 the prior high.

A close below 54.11 would signal a new short entry.

[2-1-21: The post market close above 53.38 restarts the uptrend.]

 

NAT GAS_ NGH21

Weekly – Basing. Trade pressures are neutral. Volumes are bearish.

Daily – Flat. In the move down and now at the 2.45 downside target. Trade pressures are dwon. Volumes are bullish.

The next target  down is a retest of the 2.27 lows.

A close above 2.79 would start a new up trend.

[2-1-21: Long at 2.81. Stops at 2.45] [Raise the stops to 2.79]

[2-2-21: raise the stops to breakeven, 2.81.]

[2-3-21; stopped out at the breakeven.]