#crudeoilfutures #naturalgasfutures

CRUDE_ CLH25

Weekly – In the new January 2025 uptrend. Trade pressures are up but declining. Volumes are neutral.

Daily – Short. In the move down from 76.62 on 1/21.  Trade pressures are down. Volumes remain bearish.

The close below 75.48 did signal lower. The next target down is 72.48.  The expected oversold level rises to 73.65.

Touched the OB level. The next target up is 80.17. The expected overbought levels declines to 78.99.

[Set the SL at 76.07.]

 

NAT GAS_ NGH25

Weekly – In the new January 2025 uptrend. Trade pressures are up.  Volumes remain bullish.

Daily – Flat.  Stopped out of the February contract short trade for a small gain. Trade pressures are down but turning up into the neutral zone.  Volumes remain bearish.

A close below 3.34 would signal lower. The expected oversold level declines to 3.43.

Need a close above 3.50 to start a move up. The expected overbought level declines to 4.34.

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH25

Weekly – In the new January 2025 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the move up from 73.90 at the June trendline breakout on 1/10.  Trade pressures are up. Volumes are now bearish.

Touched the OB level. The next target up is 80.17. The expected overbought levels rise to 79.68.

A close below 75.48 would signal lower. The expected oversold level rises to 72.97.

 

NAT GAS_ NGG25

Weekly – In the new January 2025 uptrend. Trade pressures are up.  Volumes remain bullish.

Daily – Short.  Completed the move up to the Oct trendline at 4.37. Back-tested the September upper median line at 3.76, then rallied to test the highs. Trade pressures are up, but turning down.  Volumes are now bearish.

1/17, the close below 4.15 signaled lower. The expected oversold level rises to 3.61.

Need a close above 4.20 to restart the move up. The expected overbought level rises to 4.50.

[ Set the SL at 4.15.]

[1-21-25: Lower the SL to 4.00. A close above the 4.00 would signal higher.]

[1-23-25: stopped out @ 4.00, for no gain.]

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLG25  (Rollover to CLH25 on 1.16)

Weekly – In the September 2024 downtrend ( the 12/2021 trendline holds). Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the second leg up from 74.11 at the 12/9 median line breakout on 1/9.  Trade pressures are up. Volumes are bullish.

The next target up is 80.53. The expected overbought levels rise to 75.98.

A close below 73.43 would signal lower. The expected oversold level rises to 71.01.

 

NAT GAS_ NGG25

Weekly – In the new January 2025 uptrend. Trade pressures are up.  Volumes remain bullish.

Daily – Flat.  Completed the retracement down just above the Oct median line. Now retesting the highs. Trade pressures are up.  Volumes are bullish.

The close above 3.60 did restart the move up. The next target up is the prior high of 4.26. The expected overbought level declines to 3.97.

A close below 3.58 would signal lower. The expected oversold level declines to 3.23.

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLG25

Weekly – In the September 2024 downtrend. Trade pressures are up. Volumes remain bullish.

Daily – Short. In the move down from 70.23 on 12-17.  Trade pressures are up. Volumes are bullish.

The next target down is 67.63. The expected oversold level rises to 68.61.

A close above 71.50 would signal higher . The expected overbought levels decline to 71.18.

[Use 71.50 as the SL.]

[12-30-24: Stopped out of short at 71.50]

 

NAT GAS_ NGG25

Weekly – Remains in the July 2024 downtrend. Trade pressures are up.  Volumes remain bullish.

Daily – Flat.  In the  move up off the October Median Line on 12/17 at 2.80 to high of 3.54. Trade pressures are up.  Volumes are bullish.

The next target up is 3.49. The expected overbought level rises to 3.75.

A close below 3.27 would signal lower. The expected oversold level declines to 3.10.

[Take profits on any move to the prior high at 3.54.]

[12-30-24: gapped up at the open to 3.657. Profit stop hit.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLG25

Weekly – In the September 2024 downtrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. The rally fails at 70.23. The close below the December trendline off the recent lows confirmed a new short from 70.23 on 12-17.  Trade pressures are down. Volumes are neutral.

A close below 70.53 did signal lower. The next target down is 67.63. The expected oversold level rises to 67.91.

A close above 71.50 would signal higher . The expected overbought levels rise to 71.29.

Use 71.50 as the SL.

 

NAT GAS_ NGG25

Weekly – Remains in the July 2024 downtrend. Trade pressures are up.  Volumes remain bullish.

Daily – Flat.  In the  move up off the October Median Line on 12/17 at 2.80. Trade pressures are up.  Volumes are bullish.

The close above 3.19 did signal higher. The next target up is 3.56. The expected overbought level rises to 3.68.

A close below 3.26 would signal lower. The expected oversold level rises to 3.17.

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLF25

Weekly – In the September 2024 downtrend. Trade pressures are now up. Volumes are bullish.

Daily – Long. The first move up failed but a new close up on 12/13 above 69.84 . The close below the Sept trendline of the recent lows confirms the new short from 69.94 on 12-6.  Trade pressures are down. Volumes are bearish.

The next target up is 73.72 . The expected overbought levels rise to 71.06.

A close below 70.53 would signal lower. Use this as the SL. The expected oversold level rises to 67.24.

 

NAT GAS_ NGF25

Weekly – Remains in the July 2024 downtrend. Trade pressures are down into the neutral zone.  Volumes are bullish.

Daily – Flat.  In the move down from the second touch of the 200 day MA at 3.51. Trade pressures are up.  Volumes remain bearish.

The next target down is 3.19. The expected oversold level rises to 3.10.

A close above 3.34 signals higher. The expected overbought level declines to 3.51.

[Set a SL for the short at 3.34]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLF25

Weekly – In the September 2024 downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. The move up failed. The close below the Sept trendline of the recent lows confirms the new short from 69.94 on 12-6.  Trade pressures are down. Volumes are bearish.

The next target down is 65.50. The expected oversold level declines slightly to 66.92.

The close above 68.05 signals higher. The expected overbought levels decline to 70.90.

[SL at the BE, 69.94.]

 

NAT GAS_ NGF25

Weekly – In the July 2024 downtrend. Trade pressures are up.  Volumes remain bearish.

Daily – Flat.  In the move down from the 200 day MA at 3.57. Trade pressures are down.  Volumes remain bearish.

The next target down is 2.83. The expected oversold level rises to 2.92.

A close above 3.12 signals higher. The expected overbought level rises to 3.57.

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLF25

Weekly – In the September 2024 downtrend, rising to resistance, slowly. Trade pressures are in the neutral zone. Volumes remain bearish.

Daily – Flat. In the move up off the 11-18 lows at 66.79.  Trade pressures are up. Volumes are bullish.

The close above 70.17 signals higher. The expected overbought levels rise to 71.30.

The downtrend line resistance is at 72.16. A close below 69.94 would signal lower. The expected oversold level rises slightly to 67.22.

 

NAT GAS_ NGF25

Weekly – In the July 2024 downtrend. Trade pressures are up.  Volumes remain bearish.

Daily – Flat.  The 11/11 move up from 2.81 stops at 3.57, the 200 day MA, and turns down. Trade pressures are up.  Volumes are now bearish.

The next target up would be a retest of the MA. The expected overbought level rises to 3.49.

The next target down is 3.10. The expected oversold level rises to 2.84.

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ24

Weekly – In the September 2024 downtrend, rising to resistance. Trade pressures are down. Volumes are now bearish.

Daily – Flat. In the move down from the test of the 200 day MA at 73.17 on 11/07.  Trade pressures are down but rising.  Volumes are neutral.

Failed the retest of the 67.57 target. The expected oversold level holds at 67.21.

A close above 69.05 would signal higher. The expected overbought levels decline to 70.34.

 

NAT GAS_ NGZ24

Weekly – In the August 2024 downtrend. Trade pressures are down.  Volumes remain bearish.

Daily – Long.  In the 11/11 move up from 2.81. Trade pressures are down.  Volumes are now neutral.

Closed above 2.81 to start a new uptrend. The expected overbought level rises to 3.04.

The next target down is 2.63. The expected oversold level rises to 2.57.

[11-17-24: Set the SL at 2.81.]

[11-20-24: Raise the SL to 2.94.  Set profit stop at 3.37 OCO]

[11-21-24: Profit stop met. Flat.]

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ24

Weekly – In the September 2024 downtrend, rising to resistance. Trade pressures remain in the neutral zone. Volumes are now bullish.

Daily – Flat. In the move down from the test of the 200 day MA at 73.17.  Trade pressures are down.  Volumes are bearish.

Looking for a retest of the 67.57 target. The expected oversold level declines to 67.21.

A close above 70.70 would signal higher. The expected overbought levels decline to 73.91.

 

NAT GAS_ NGZ24

Weekly – In the August 2024 downtrend. Trade pressures are down.  Volumes are bearish.

Daily – Flat.  In the December contract. In the 10/14 move down from 3.13. Trade pressures are down.  Volumes remain bearish.

The next target down is 2.55. The expected oversold level rises to 2.50.

A close above 2.87 is needed to start a new uptrend. The expected overbought level rises to 3.01.