#crudeoilfutures #naturalgasfutures
CRUDE_ CLM25
Weekly – In the April 2025 downtrend. Trade pressures are down. Volumes are bearish.
Daily –Short. In the move down from the 60.58 entry. Trade pressures are down. Volumes are bearish.
The next target down is 55.35. The expected oversold level declines to 57.66.
A close above 60.61 would signal higher. The expected overbought levels declines to 63.24.
[5-6-25: Long from 58.15 after trading below the oversold levels from the 55.30 low pivot. SL 57.20.]
[5-7-25: Raise the SL to 58.53.] [5-7-25: Flat. stopped out.]
NAT GAS_ NGM25
Weekly – Still in the January 2025 uptrend. Trade pressures are down. Volumes are bearish.
Daily – Long. In the move up from the 3.15 entry on 4/28. The first trade was stopped out at 3.26. Trade pressures are up. Volumes are now bullish.
The next target up is 3.76. The expected overbought level rises to 3.57.
A close below 3.43 would signal lower. The expected oversold level rises to 2.80.