Category: Energy

Oil & Gas

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CRUDE_ CLJ20  Contract rolled.

Weekly – Sitting on the lows, but a week of a move up. Trade pressures are down but making a bullish reversal. Volumes are neutral.

Daily – Flat. Forming a base off the 49.50 lows. Trade pressures are up. Volumes are bullish.

A close above the 52.61 level would signal a new move up.

A close below 50. 21 would signal a resumption of the move down.

 

NAT GAS_ NGH20

Weekly – Still in the move lower. Trade pressures are down. Volumes remain bearish.

Daily  – Flat. trying to move up Trade pressures are up but showing a bearish reversal. Volumes are neutral.

The next target down is 1.57.

A close above 1.92 would signal higher.

Oil & Gas

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CRUDE_ CLH20

Weekly – New weekly lows. Trade pressures are down. Volumes are bearish.

Daily – Flat. Consolidating around the 49.34 low pivot. Trade pressures are down but rising. Volumes remain bearish.

The next target down is 43.92.

A close above 52.94 would signal higher.

 

NAT GAS_ NGH20

Weekly – Bullish close. Trade pressures are down. and trending. Volumes are bearish.

Daily – Flat. Seems ready for a retracement move up is this long downtrend. Trade pressures are up. Volumes are bearish.

The next target down is 1.69.

A close above 1.95 would signal higher.

 

Oil & Gas

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CRUDE_ CLH20

Weekly – In the correction after the spike above 65. Trade pressures are down. Volumes are bearish.

Daily – Short. In the move down from 63.07. Entered the trade at 61.22 (CLG20). Trade pressures are rising into the neutral zone. Volumes are neutral.

The next target down is 64.69.

A close above 61.00 would signal higher.

The CLG20 short trade stops are 59.06. Lower those stops to market on the sunday nite open and exit the trade.

[1-19-20: out of the trade at the 59.35 open.]

 

NAT GAS_ NGG20

Weekly – Hard down. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the short  move from the 2.20 level. Trade pressures are down. Volumes are bearish. The next target down is 1.89.

A close above 2.12 would signal higher.

Oil & Gas

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CRUDE_ CLG20

Weekly – At resistance. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 54.35 October entry price. Trade pressures are up. Volumes are bullish.

The next target up is 64.04.

A close below 61.22 would signal lower.

[1-8-20: short from the 61.22 level. Set the stops at 62.00]

[1-9-20: Lower Buy stops to 60.52.]

[1-14-20: Lower buy stops to 59.06. set a profit buy limit at 56.00]

 

NAT GAS_ NGG20

Weekly – Six weeks of a move down. Trade pressures are down. Volumes are two weeks bearish.

Daily – Short. In the move down from the 2.20 new short entry. Trade pressures are down. Volumes are bearish.

The next target down is 2.14.

A close above 2.39 would signal higher.

[1-7-20: Lower stops to 2.20, the entry price.]

[1-8-20: Take profits at 2.105]

[1-12-20: Stopped out at the 2.20 level.]

Oil & Gas

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CRUDE_ CLG20

Weekly – Three weeks up. Trade pressures are up. Volumes are bullish.

Daily – Flat. 14 days up. Trade pressures are up but declining. Volumes are now neutral.

The next target u[p is 62.49.

At price extension targets , looking for a pullback. A close below 58.36 would signal lower.

[12-24-19: raise the new short entry to a close below the prior week’s low of 60.02.]

 

NAT GAS_ NGF20

Weekly -In the down trend. Trade pressures are down but rising. Volumes are neutral for 3 weeks.

Daily  – Long. In the second move up from the 2.30 long entry. Trade pressures are up. Volumes are bullish.

The next target  up is 2.44.

A close below 2.18 would signal lower.

Set the stops at the 2.18 level.

[12-24-19: stopped out for a loss at the 2.18 level.]

Oil & Gas

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CRUDE_ CLF20

Weekly – A rally in the long downtrend. Trade pressures are up. Volumes are bullish. resistance at 62.68.

Daily – F lat. Trending up. Trade pressures are up. Volumes are bullish. In the move up from the October 54.42 long entry. The next target up is 64.11.

A close below 57.61 would signal lower.

 

NAT GAS_ NGF20

Weekly – Broke the lows. Trade pressures are down and trending. Volumes aree neutral.

Daily – Long. In the new move up from the 2.30 entry price. Trade pressures are up into the neutral zone. Volumes are bearish.

The next target up is 2.44. Trading against the weekly so, tight stops.

A close below the prior low at 2.16 would signal lower and act as the stop.

[12-16-19: Raise stops to 2.28.]

[12-18-19: Stopped out overnight.]

Oil & Gas

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CRUDE_ CLF20

Weekly – In the downtrend. Trade pressures are rising in the neutral zone. Volumes remain bullish.

Daily – Flat. At the 61% target in the move up form the October 54.42 long entry level. Trade pressures are up and extended. Volumes are bullish.

The next target up is the prior high at 63.35.

With the extended trade pressures a pull back is likely. A close below 56.98 would signal lower.

 

NAT GAS_ NGF20

Weekly – Remains in the down trend. Trade pressures are down and extended. Volumes are neutral.

Daily – Flat. In the move down. Trade pressures are down but have turned higher. Volumes are bearish.

The next target down is 2.14.

A close above 2.42 would signal a new long entry.

Oil & Gas

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CRUDE_ CLF20

Weekly – In the downtrend. Trade pressures are down. Volumes are bullish.

Daily – Short. In the move up and in an uptrend. Trade pressures are now down. Volumes are bearish.

The drop below 55.70 has triggered a new short entry.

The next target down is 52.66.

A close above 58.00 would signal higher.

Use 58.00 as the short stop.

 

NAT GAS_ NGF20

Weekly – Efforts to get price above the downtrend resistance line at 2.90 have failed. Trade pressures are down. Volumes are bearish.

Daily – Flat. The daily long trade entry was stopped out immediately at the 2.55 low pivot. Trade pressures are down. Volumes are bearish.

The 2.40 target level and the October low pivot were breached with the wide bar down on Friday.

The next target down is 2.06.

A close above 2.40 would signal higher.

Oil & Gas

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CRUDE_ CLH20

Weekly – Still in the downtrend but rising. Trade pressures are up. Volumes are bullish.

Daily – Flat in the move up from the 54.42 entry. Trade pressures are in the neutral zone. Volumes are bullish.

The next target up is 59.17.

A close below 53 75 would signal lower.

 

NAT GAS_ NGH20

Weekly – Stuck between 2.50 and 3.00. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Long. In the move up from the 2.69 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 2.90.

A close below the 2.55 low pivot would signal lower.

Set the stop at the 2.55 pivot.

Oil & Gas

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CRUDE_ CLZ19

Weekly – In a retracement move up inside the downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 54.42 long entry price. Trade pressures are up. Volumes are bullish.

The next target up is 57.65., Then 59.14.

A close below 54.00 would signal lower. Set the stops at the entry price.

 

NAT GAS_ NGZ19

Weekly – In the downtrend and basing. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move down from the 2.76 short entry level. Trade pressures are down but rising. Volumes are bearish.

The next target down is 2.56.

A close above 2.70 would signal higher.

Set short stops here at the 2.70.