#crudeoilfutures #naturalgasfutures
CRUDE_ CLN25
Weekly – In the April 2025 downtrend. Trade pressures are up. Volumes remain neutral.
Daily –Long. In the move up from the 61.31 entry on 5/23. Trade pressures remain down. Volumes are neutral.
The next target up is 62.60. The expected overbought levels rises to 63.88.
A close below 60.27 would signal lower. The expected oversold level rises to 60.04.
[Set the SL at 61.08.]
[5-27-25: Stopped out at the 61.08. A close above 62.03 would signal a long re-entry. Then, SL to be set at 61.29.]
NAT GAS_ NGN25
Weekly – Still in the January 2025 uptrend. Trade pressures are up into the neutral zone. Volumes are bearish.
Daily – Flat. In a move down to the 200 day MA. Trade pressures are up, but declining. Volumes are bearish.
The next target down is 3.17. The expected oversold level declines to 3.03.
A close above 3.81 would signal higher. The expected overbought level declines to 3.72.