Category: Energy

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE CLK20

Weekly – Stopped at the long term trendline support at 20.00. Trade pressures are down but turning up. Volumes are bullish.

Daily – Flat. In the move up from the 23.09 long entry price. Trade pressures are up. Volumes are bullish.

Touched the 28.71 target. The next target up is 34.55. Would look for the next pull back and following that go long at the next bullish reversal.

A close below 25.10 would signal lower.

 

NAT GAS_ NGK20

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

Daily – Flat. Trade pressures are down but turning up. Volumes are bullish.

The next target down is the prior low of 1.52.

A close above 1.69 would signal higher. The 2hr chart shows nat gas just the break out of the downtrend line.

Oil & Gas

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Weekly – No real pivots to work from. Caught in the Saudi crude wars. Trade pressures are down. Volumes are now neutral.

Daily – Still in the move down. Trade pressures are down now with a new bearish reversal. Volumes are bearish. Expect two to three days more down movement.

The next target down is 19.86.

A close above 24.34 would signal higher. On the lower time frames  (2 hr) need a close above 23.50.

 

NAT GAS_ NGK20

Weekly – The next weekly target down is 1.22. Trade pressures are down but showing some positive divergence. Volumes are bearish.

Daily – Flat. Near the new long entry. Trade pressures are in the neutral zone but have made a new bearish reversal. Volumes are bearish.

The next target down is the prior low at 1.59.

A close above the 1/77 level would signal higher.

Oil & Gas

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CRUDE_ CLK20

Weekly – Thru the 100% target. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the new move up from the 24.15 entry price. Trade pressures are down but rising.

The next target up is 27.78.

A close below 20.52 would signal lower.

 

NAT GAS_ NGK20

Weekly – Still in the year long move down. Trade pressures are up into the neutral zone. Volumes are bearish.

Daily – Flat. Trade down to the 1.55 level. Trade pressures are down but rising. Volumes are bearish.

The next target down is 1.46.

A close above 1.73 will signal higher.

Oil & Gas

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CRUDE_ CLJ20

Weekly – Dropped all the way to the 28.21 target. Trade pressures are down. Volumes are now neutral.

Daily – Long. Off the 27.34 low. Trade pressures are down but rising. Volumes are neutral. Price has risen to above the new long entry at 30.97.

The next target up is 36.31.

A close below the prior low will signal lower .

[3-17-20: stopped out at 27.24 for a loss.]

 

NAT GAS_ NGJ20

Weekly – Remains in the move down. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Long. In the move up from the 1.78 long entry. Trade pressures are down but rising. Volumes are bullish. The next target up is 2.04.

A close below 1.63 would signal lower.

[3-18-20: Stopped out out the 1.63.]

 

Oil & Gas

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CRUDE_ CLJ20

Weekly – Complete breakdown. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 50.80 short entry price. Trade pressures are down. Volumes are bearish.

The next target down is 38.31.
[3-8-20: Opened down at 33.20. Now the next target down is 28.21]

A close above 44.23 would signal higher.

 

NAT GAS_ NGJ20

Weekly – Still in the year long downward channel. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move up from the 1.81 new long entry. Trade pressures are down. Volumes are bearish.

The next target down is 1.56.

Enter the long trade if the new long entry price is accompanied with a bullish reversal in the trade pressures.

The next target up is 1.99.

A close below 1.64 is the stop and would signal lower.

Oil & Gas

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CRUDE_ CLJ20

Weekly – down thru the Dec 2019 lows. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the second leg down from the 50.80 short entry. Trade pressures are down and extended. Volumes are bearish.

The next target down is 41.

A close above 47.03 would signal higher.

[3-2-20: Long at the 46.50 new long entry. Stops at 44.82.] {

[3-3-20: Sell @47.97. rate cut spooks market.]

 

NAT GAS_ NGJ20

Weekly – Continuing the 2019 move down. Trade pressures are rising into the neutral zone. Volumes are bearish.

Daily – Flat. In the move down form the 2.18 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 1.56.

A close above 17.81 would signal higher.

Oil & Gas

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CRUDE_ CLj20

Weekly – Two weeks up off the lows. Trade pressures are rising thru the neutral zone. Volumes are bullish.

Daily  -Flat. In the move up from the 53.21 long entry level. Trade pressures are down. volumes are bullish.

Enter on the next bullish reversal of the trade pressures. The next target up is 56.84.

A close below 51.24 would signal lower.

 

NAT GAS_ NGJ20

Weekly – Still in the move down from the 2.28 short level. Trade pressures are rising into the neutral zone. Volumes remain bearish.

Daily – Flat. In the new move up. Trade pressures are down. Volumes are bearish.

enter after a bullish reversal of the trade pressures. The next target up is 2.11.

A close below 1.76 would signal lower.

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.