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CRUDE_ CLJ25

Weekly – In the January 2025 uptrend. Trade pressures are down. Volumes remain bearish.

Daily –Short. In the move down from 76.59 on 1/21. The first short was stopped out on a rally attempt. The consolidation channel lower bound is being tested. Trade pressures remain down. Volumes are bearish.

The next target down remains 68.18.  Take profits at 68.43. The expected oversold level declines to 69.75.

Need a close above 70.18. level to signal higher.  The expected overbought levels declines to 72.48.

 

NAT GAS_ NGJ25

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

Daily – Flat.  In the move down from the 4.14 level on 2/20. Trade pressures remain up but declining.  Volumes remain neutral.

The next target down is 3.75. The expected oversold level declines  to 3.42.

A close above 4.06 would signal higher. The expected overbought level rises to 4.52.

[the OB/OS levels are widening, Chop?]

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CRUDE_ CLJ25

Weekly – In the January 2025 uptrend. Trade pressures are down. Volumes are bearish.

Daily –Short. In the move down from 76.59 on 1/21.  Trade pressures moved up in a rally attempt then failed. Volumes are bearish.

The next target down is 68.18.  The expected oversold level declines to to 69.85.

Need a close above 77.22 level to signal higher.  The expected overbought levels declines to 74.70.

[Set a SL at the parallel line breakout, @71.77.]

[2-18-25: Stopped out a the 71.77 level.]

 

NAT GAS_ NGH25

Weekly – In the new January 2025 uptrend. Trade pressures still in neutral zone.  Volumes remain bullish.

Daily – Flat.  In the move up from 3.22 on 2/3 and above the oversold level. Trade pressures remain up.  Volumes are bullish.

The next target up is the upper median line H at 3.84. The expected overbought level declines to 3.76.

A close below 3.61 would signal lower. The expected oversold level declines to 2.90.

[the OB/OS levels are turning down]

 

 

 

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CRUDE_ CLH25

Weekly – In the new January 2025 uptrend. Trade pressures are down. Volumes are bearish.

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

The next target down is 68.19.  The expected oversold level declines to to 70.23.

Need a close above 73.51 level to signal higher.  The expected overbought levels declines to 74.70.

[2-11-25: Flat. Price touches the 73.51. level.]

 

NAT GAS_ NGH25

Weekly – In the new January 2025 uptrend. Trade pressures declining to neutral zone.  Volumes remain bullish.

Daily – Flat.  In the move down from 3.62 on 1/17. Trade pressures are up.  Volumes are bullish.

A close below 3.33 did signal lower. The expected oversold level declines to 2.90.

Need a close above 3.41 to start a move up. The expected overbought level declines to 3.80.

[Too much volatility to trade. All pressures are down.]

[2-11-25: Pressures now up and price above the 3.41 signal.]

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CRUDE_ CLH25

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

Daily – Flat. In the move down from 76.62 on 1/21.  Took profits on the first trade down to 72.50. Trade pressures are down. Volumes remain bearish.

The next target down is 70.86, the 200 day MA.  The expected oversold level declines to to 71.80.

Need a close above 73.84 level to signal higher, (could happen in the Sunday nite session.)  The expected overbought levels declines to 77.90.

[2-4-25: immediate reversal to short on 2-3 open. No trade]

 

NAT GAS_ NGH25

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

Daily – Flat.  In the move down from 3.62 on 1/17. Trade pressures are down.  Volumes remain bearish.

A close below 3.33 did signal lower. The expected oversold level declines to 3.01.

Need a close above 3.50 to start a move up. The expected overbought level rises to 4.36.

[Too much volatility to trade.]

#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.]

[1-27-25: Flat. Take profits at the72.50 downside target.]

 

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.]

 

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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.

 

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CRUDE_ CLG25

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

Daily – Flat. In the move up from 71.50 on 12/30.  Trade pressures are up. Volumes are bullish.

The close above 71.50 did signal higher and closed at 73.96. The next target up is 75.02. The expected overbought levels rise to 73.92.

The next target down is 67.63. The expected oversold level rises to 69.26.

 

NAT GAS_ NGG25

Weekly – Broke thru the July 2024 downtrend. Trade pressures are up.  Volumes remain bullish.

Daily – Flat.  Retracing the spike up and closing the gap. Trade pressures are down.  Volumes are bearish.

In the retracement down from 3.93. Support should be at 3.18, the Oct median line. The expected oversold level rises to 3.34.

Need a close above 3.60 to restart the move up. The expected overbought level rises to 4.00.

 

 

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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.]

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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.