#crudeoilfutures #naturalgasfutures

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.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV24

Weekly – In the September 2024 downtrend  after breaking support. Trade pressures are down. Volumes remain bearish.

Daily – Long. Signal at 68.38, but wait for the pullback towards 66.00.  Trade pressures are up.  Volumes remain bearish.

The next target up is 71.49. The expected overbought levels are lower at 72.49.

A close below 67.23 would signal lower. If long, use 67.23 as SL. The expected oversold level decline to 64.56.

 

NAT GAS_ NGV24

Weekly – In in a new August 2024 downtrend.  Trade pressures rising into the neutral zone.  Volumes remain are now bullish.

Daily – Flat.  In the move up from 2.14 on 9/2. At the upside resistance at 2.39. Trade pressures are up.  Volumes are bullish.

The next target up is 2.54. The expected overbought level rises to 2.40.

A close below 2.25 would signal lower. Set this 2.25 as the SL. The expected oversold level rises to 2.10.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV24

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

Daily – Flat. The short entry was stopped out for a small loss.  Trade pressures are now down.  Volumes are bearish.

At the 67.78 downside target. The expected oversold level decline to 67.16.

At support. A close above 70.11 would signal higher. The expected overbought levels are lower at 74.44.

 

NAT GAS_ NGV24

Weekly – In in a new August 2024 downtrend.  Trade pressures remain down but rising.  Volumes remain bearish.

Daily – Long.  In the move up from 2.14 on 9/2 and rallies for the week to 2.28. Trade pressures are up.  Volumes are bullish.

The next target up is 2.38. The expected overbought level rises to 2.31.

A close below 2.18 would signal lower. Set this 2.18 as the SL. The expected oversold level rises to 2.07.

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV24

Weekly – In the March 2024 uptrend and above support. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. The short entry was stopped out for a small loss.  Trade pressures are now down.  Volumes are now bullish.

The next target down 71.92. The expected oversold level rises to 71.15.

The next target up is 76.12 and expected support level is 72.67. The expected overbought levels are lower at 77.74.

 

NAT GAS_ NGV24

Weekly – In in a new August 2024 downtrend.  Trade pressures remain down but rising.  Volumes remain bearish.

Daily – Flat.  Basing at the 2.00 level. Trade pressures are rising into the neutral zone.  Volumes remain bearish.

The next target down is 1.93 with support is at 2.09. The expected oversold level declines to 1.92.

A close above 2.14 would signal higher. The expected overbought level declines to 2.24.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV24

Weekly – In the March 2024 uptrend and above support. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the move up from the 76.14 break out of the bull flag on 8/26; but finding immediate resistance at 77.62.   Trade pressures are now up.  Volumes are now bullish.

The next target up is 78.18. The expected overbought levels are lower at 78.06.

A close below 75.71 would signal lower ( Global slowdown? ). The expected oversold level declines to 70.80.

[8-27-24: New Contract, CLV24. Short At 75.71.  Set S:L at 75.98 lower to BE asap]

[8-29-24: SL hit at 75.98. ]

 

NAT GAS_ NGV24

Weekly – In in a new August 2024 downtrend.  Trade pressures remain  down.  Volumes are now bearish.

Daily – Flat.  The long trade at 2.14 was stopped out for a breakeven. Trade pressures are down.  Volumes are bearish.

The next target down is 1.93. The expected oversold level rises to 1.94.

A close above 2.14 would signal higher. The expected overbought level declines to 2.26.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU24

Weekly – In the March 2024 uptrend and above support. Trade pressures are down. Volumes are now bullish.

Daily – Flat. In the move down from 76.39 on 8/16. Trade pressures are down.  Volumes are now bullish.

The next target down is 73.27. The expected oversold level declines to 71.94.

A close above 76.64 would signal higher. The expected overbought levels are higher at 80.81.

 

NAT GAS_ NGQ24

Weekly – In in a new August 2024 downtrend.  Trade pressures remain  down.  Volumes are now bullish.

Daily – Flat.  The long trade at 2.14 was stopped out for a breakeven. Trade pressures are down.  Volumes are bearish.

The next target down is 2.03. The expected oversold level remains at 1.91.

A close above 2.16 would signal higher. The expected overbought level rises to 2.30.

 

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU24

Weekly – In the March 2024 uptrend and above support. Trade pressures are down. Volumes are now bullish.

Daily – Long. In the move up from 74.78 on 8/8. Trade pressures are up.  Volumes are now bullish.

The next target up is 77.89. The expected overbought levels are lower at 77.72.

A close below 75.28 would signal lower. The expected oversold level rises to 71.78.

[8-8-24: Long at 74.78.]

[8-11-24: set the SL at 74.78.]

[8-12-24: Raise the SL to 77.89.  ** 10 min before close, raise to 78.70.]

[8-13-24: Stopped out at 78/70.]

 

NAT GAS_ NGQ24

Weekly – In in a new August 2024 downtrend.  Trade pressures remain  down.  Volumes are now bullish.

Daily – Flat.  The small rally has triggered a long trade at 2.14. Trade pressures are up.  Volumes are bullish.

the next target up is 2.40. The expected overbought level declines to 2.21.

A Close below 2.10 would signal lower. The expected oversold level remains at 1.91.

[8-11-24: Set the SL at 2.10.]

[8-12-24: Raise the SL to the entry price, 2.14.]