Category: Energy

Oil & Gas

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CRUDE_ CLQ20

Weekly – Flattened out at the 42.00 target. Trade pressures are up. Volumes are bullish.

Daily – Flat. Moving sideways while the overbought is worked off. Trade pressures are down and over sold. Volumes are bullish.

The next target up is 44.07.

A close below 33.95 would signal lower.

 

NAT GAS_ NGQ20

Weekly – Still in the weekly move down. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Flat. Stopped out of the long trade. Should have taken the 1.86 target as profit since the weekly is still in the downtrend. Trade pressures are down. Volumes are bullish.

The next target up is the same 1.86 target.

In a retracement down. Look for a trade pressure reversal to reenter the long trade. That will match up with the weekly trade pressures.

stops at the 1.51 lows.

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CRUDE_ CLQ20

Weekly – Trending upward ans testing the downtrend resistance line. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up after breaking out from the upper median line. Trade pressures are up but reversing. Volumes are bullish.

A long entry is indicated, but wait for the hourly trade pressures to cycle down then up again creating the back test. The next target up is 44.07.

A close 39.60 would signal lower.

 

NAT GAS_ NGQ20

Weekly – Still in the long downtrend. Trade pressures are down but starting to reverse. Volumes are now neutral from the previous 10 weeks of bearish volumes.

Daily – Long. The 1.69 trigger has created a new long  entry and closed at 1.75. Trade pressures are up. Volumes are neutral.

Buy the 1.75 limit. The next target up is 1.86.

A close below 1.70 would signal a failure, and lower.

Use this 1.70 has the stop.

[7-6-20: Long @ 1.75. Stops at 1.75 now.]

[7-10-20: stopped out at the breakeven, 1.75.]

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CRUDE_ CLQ20

Weekly – Tracking just under the 200 week MA. Trade pressures are up. Volum es are bullish.

Daily – Flat. In the move up from the May 28.61 long entry. Trade pressures are down but reversing. Volumes are bearish.

the 25×5 is support at 37. The next target up is 44.07.

A close below the 25×5 MA would signal more retracement. but still in the move up. A close below 25.26 would signal a new short entry.

 

NAT GAS_ NGU20

Weekly – In the long move down since the 1Q19. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move down from the November short entry at 2.64. Trade pressures are remain down. Volumes are bearish.

At the 1.59 down side target. The next target down is 0.49.

Know as the widow maker; unless you are on the correct side of the long term move.

No Trade.

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CRUDE_ CLQ20

Weekly – In the move up and testing the 42.33 upside target. Trade pressures are up. Volumes are bullish.

Daily – Flat. Trying to fill the gap at 37-43. Trade pressures are up. Volumes are bullish.

The next target up is the 43.22 gap.

A close below 24.32 would signal lower.

 

NAT GAS_ NGQ20

Weekly – Still in the May downtrend. Trade pressures are down. Volumes remain increasingly bearish.

Daily – Flat. The attempt art a new long entry failed immediately. Trade pressures are down but rising. Volumes are now neutral.

The next target down is 1.66.

A close above 1.83 would signal higher. The 2H chart is in a new move up, but the average true range si too high to set proper stops.

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CRUDE_ CLN20

Weekly – At the 100% target after the move off the lows. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up off the 28.36 second long entry. Trade pressures are up but reversing. Volumes are bearish.

The next target up is 43.82.

A close below 31.07 signals lower.

 

NAT GAS_ NGN20

Weekly – This downtrend is relentless. Trade pressures remain down. Volumes are bearish.

Daily – Long. The Spike bar down to the 1.67 low closed as a net bullish volume bar. Trade pressures are up into the neutral zone. Volumes are mixed, bullish to bearish.

Could buy here at 1.73 with a tight stop at the 1.67 low. Just recognize the weekly does not yet support a long entry. The next target up is 1.93.

A close below 1.67 would signal lower.

[6-5-20: Stopped out.]

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CRUDE_ CLN20

Weekly – In the rally off the April Lows. Trade pressures are up. Volume are bullish.

Daily – Flat. In the second leg up. Trade pressures are up. Volumes are bullish.

The next target up is 43.82.

At the March price gap at 42. A close below 31.08 would signal lower.

 

NAT GAS_ NGN20

Weekly – The down trend continues. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In consolidation at the lows around 1.74. Trade pressures are up into the neutral zone. Volumes are bearish. No volume signs of accumulation yet.

The next target down is a retest of the lows.

A close above 1.86 would signal a new move up.

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CRUDE_ CLN20.

Weekly – Rallying in the down trend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In consolidation at the 31.54 target level. Trade pressures are dwon into the neutral zone. Volumes are bullish.

The next target up is 42. 84.

A close below 27.30 would signal lower.

 

NAT GAS_ NGN20

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

Daily – Long . In the move up from the 1.91 new long entry. Trade pressures are down. Volumes are bearish.

The next target up is 2.08.

The stop is 1.74.

A close below 1.74 would signal lower.

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CRUDE_ CLN20

Weekly – At the resistance line of the downward sloping channel. Trade pressures are up. Volumes are bullish.

Daily – Flat. At the median line of the Andrews pitchfork. Trade pressures are up but have reversed. Volumes are bullish.

In consolidation around the 31.22 target. The next target up is 36.77.

A close below 26.50 would signal lower.

 

NAT GAS_ NGN20

Weekly – Still in the downtrend. Trade pressures are now up. Volumes are now neutral.

Daily – Long. In the move up after the retracement down to 1.70 and the Monday close above 1.77. Trade pressures are up. Volumes are neutral.

The next target up is 1.94.

A close below the 1.77 entry price would signal lower. Set 1.77 as the stop.

 

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CRUDE_ CLM20

Weekly – Continues the rally off the April lows. Trade pressures are up into the neutral zone. Volumes are neutral.

Daily – Flat. Still in the move up of the 10.64 long entry. Trade pressures are up, but extended. Volumes are bullish.

The next target up is 31.54.

But what will happen near the expiration of this June contract?
A close below 21.35 would signal lower.

 

NAT GAS_ NGM20

Weekly – The long slide down continues. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. Broke down from the rising channel. Trade pressures are down but turning up. Volumes are bearish.

The next target down is the prior low at 1.59.

A close above the 1.77 would start a new move up.

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CRUDE_ CLM20

Weekly – Testing the short term moving average as resistance. Trade pressures are down but rising to near the neutral zone.

Daily – Flat. In the move up from the 10.32 long entry level. Trade pressures are up and fully extended. Volumes are neutral.

The next target up is 31.32.

SA close below 22.77 would signal lower.

 

NAT GAS_ NGM20

Weekly – Testing the resistance line. Trade pressures are up. Volumes are bearish.

Daily – Flat. In a  rising channel off the 1.65 lows. Trade pressures are down. Volumes are bearish.

A bullish reversal of the trade pressures would signal a new move up from the 1.82 old long entry.

A close below 1.76 would signal lower.