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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.

 

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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]

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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.

 

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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.

 

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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.]

 

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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.

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CRUDE_ CLX24

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

Daily – Short. In the move down from 73.71 on 10/14; which was stopped out at 68.50 on 10/18.  Trade pressures are down.  Volumes are bearish.

Near the 67.58 downside target. The expected oversold level declines to 68.71.

A close above 70.52 would signal higher. The expected overbought levels decline to 78.31.

 

NAT GAS_ NGX24

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

Daily – Short.  In the move down from the upside resistance at 3.01 (the 200 day MA). A short was triggered at 2.66. Trade pressures are down.  Volumes remain bearish.

the next target down is 2.13. The expected oversold level declines to 2.25.

A close above 2.35 is needed to start a new uptrend. The expected overbought level declines to 2.67.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLX24

Weekly – In the September 2024 downtrend, rising to resistance. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. In the move up off support at the 200 day MA at 73.34.  Trade pressures are up.  Volumes are bullish.

The next target up is 77.08 which is resistance. The expected overbought levels are higher at 78.75.

A close below 73.34 would signal lower. The expected oversold level rise to 71.09.

[10-13-24: Short after the break below the 200 day MA at 73.34. 10-14-24: Set the SL at 73.34. Take profit at 68.15.]

[10-17-24: Lower SL to 71.29]

[10-18-24: Lower SL to 70.70.]
[10-18-24: raise profit stop to 68.50, which should execute immediately.]

 

 

NAT GAS_ NGX24

Weekly – In the August 2024 downtrend, but near a break out.  Trade pressures are down.  Volumes are neutral.

Daily – Flat.  In the move down after meeting the upside resistance at 3.01 (the 200 day MA). Trade pressures are down.  Volumes are bearish.

The close below 2.66 signals lower, but with the oversold nearby; wait. The expected oversold level declines to 2.59.

The next target up is 2.71, needed to start a new uptrend. The expected overbought level declines to 3.04.

 

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CRUDE_ CLX24

Weekly – In the September 2024 downtrend, rising to resistance. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up off the 66.33 pivot and above the 69.04 long entry on 10/2.  Trade pressures are up.  Volumes are bullish.

The next target up is 76.48. The expected overbought levels are higher at 74.49.

A close below 72.53 would signal lower. The expected oversold level rise to 67.67.

Set the SL at 72.66.

[10-7-24: raise the SL to 76.25]. [10-08-24: Stopped out in the overnight session.]

 

NAT GAS_ NGX24

Weekly – In the August 2024 downtrend, but near a break out.  Trade pressures are up.  Volumes remain bullish.

Daily – Flat.  In the second leg up from the bull flag on 9/20, and at the upside resistance at 3.01, the 200 day MA. Trade pressures are up, but declining.  Volumes are now bearish.

The next target up is 3.34. The expected overbought level rises to 3.11.

The close below 2.85 signals lower, but with the oversold nearby; wait. The expected oversold level rises to 2.70.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLX24

Weekly – In the September 2024 downtrend  after breaking support. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Flat. In the move down towards 65-66.  Trade pressures are down.  Volumes are bearish.

The next target down is 66.24. The expected oversold level rise to 67.22.

A close above 69.04 would signal higher. The expected overbought levels are lower at 71.40.

 

NAT GAS_ NGX24

Weekly – In the August 2024 downtrend, but near a break up.  Trade pressures are up.  Volumes remain bullish.

Daily – Flat.  In the second leg up from the bull flag on 9/20. The upside resistance is at 3.01, the 200 day MA. Trade pressures are up, but declining.  Volumes are bullish.

The next target up is 2.95. The expected overbought level rises to 3.00.

A close below 2.73 would signal lower.  The expected oversold level rises to 2.40.