#crudeoilfutures #naturalgasfutures

CRUDE_ CLH23

Weekly – In the September 2022 downtrend. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – In the move up from the second leg up thru 74.71 on 1/10/23. Trade pressures are up. Volumes are bullish.

The next target up is 80.82. Overbought is at 79.59.

A close below 78.30 would signal lower. Overbought is at 71.15.

 

NAT GAS_ NGH23

Weekly – In the October 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the the second leg down from 6.80 on 11/30/22. Trade pressures are down but rising. Volu es are bearish.

The next target down is 2.66. oversold is at 3.31.

A close above 3.82 would signal higher. Overbought is expected at 4.43.

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CRUDE_ CLH23

Weekly – In the September 2022 downtrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. Retracing the new move up from the 74.67 long entry on 12/13/22. Trade pressures are down but rising. Volumes are bearish.

The next target down is the prior low of 70.50.

Need a close back above the long entry price at 74.70 to re-enter the long trade.

 

NAT GAS_ HGH23

Weekly – In the October 2022 down trend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 5.45 short entry on 12/19/22. Trade pressures are down hard and trending. Volumes remain bearish.

The next target down is 3.08; well blow the oversold level of 3.51. Use that 3.1 as the SL.

A close above 3.62 would signal higher. 4.91 is the over bought level. Take profits below there.

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CRUDE_ CLH23

Weekly – In the September downtrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. Out of the long trade at the overbought levls. Trade pressures are down but rising. Volumes remain bullish.

The next target up is 87.17. The over bought level is 80.85, So, expect some retracement.

A close below 73.10 would signal lower. The current oversold level is 73.12.

 

NATGAS_ NGH23

Weekly – In the October 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 5.20 short entry on 12/20. Trade pressures are down hard. Volumes are bearish.

The next target  down is the 3.94 target. 4.01 is oversold.

A close above 4.35 would signal higher. The expected overbought level is now 5.82.

#crudeoilfutures #naturalgasfutures

CRUDE_ GLH23

Weekly – In the September 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Long in the new 12/13 move up from 74.71. Trade pressures are down. Volumes are now neutral.

The next target up is 78.86. The overbought level is 78.92. Use that as the Profit Stop.

A close below the prior low of 70.56 would signal lower.

[12-22-22: Profit stop at 78.92 met.]

 

NAT GAS_ NGH23

Weekly – In the October 2022 downtrend. Trade pressures are down into the neutral zone. Volumes are still bullish.

Daily – Flat. In the move down from the resistance at the 220 day MA. Trade pressures are down. Volumes are neutral.

The next target up is a new long entry at 5.69. 7.20 will be the overbought level.

A close below 5.12 would signal lower. That level is below the current 5.20 oversold level.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH23

Weekly – In the September 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the second leg down from the 79.37 short entry on 12/5. Trade pressures are down. Volumes are bearish.

The next target down is 67.16. Oversold is at 70.03.

A close above 72.86 would signal higher. USE this as SL. Overbought is 80.38.

 

NAT GAS_ NGH23

Weekly – In the October 2022 downtrend. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Long. In the move up from the 5.21 long entry. Trade pressures are up. Volumes are bullish.

The oversold level was reached at 5.00. The next target up is 5.79. Overbought is 6.77.

A close below 5.13 would signal lower and is the SL.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH23

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

Daily – Flat. In the move down from the 11/17 short entry at 83.19, traded down and thru the 75.00 oversold level. Trade pressures are up but declining. Volumes are now neutral.

The move up off the oversold level has stopped at an overbought level. The next target down is 75.69.

A close above 82.40 would signal higher.

 

NAT GAS_ NGH23

Weekly – In the October 2022 downtrend. Trade pressures are up. Volumes are bearish.

Daily – Short. In the new move down from the 12/1 entry at 6.18. Trade pressures are down. Volumes are bearish.

The next target down is 5.44. Very high daily ranges. Hard to trade.

A close above 5.92 would signal higher.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH23

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

Daily – Flat. In the 11/17 move down from 81.60. Trade pressures are down. Volumes are bearish.

The next target down is 73.35. 77.44 is oversold.

A close above 79.42 would signal higher. 85.65 is overbought.

 

Nat Gas_ NGH23

Weekly – In the October 2022 downtrend. Trade pressures are up. Volumes are now bullish.

Daily – Flat. In the move up from the 5.70 second long entry on 11/17. Trade pressures are up but rolling over. Volumes are now neutral.

The next target up is 8.00. 7.71 is overbought.

At the 62% target of 6.85. A close below 6.18 would signal lower. 5.75 is oversold.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ22

Weekly – In the September 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Short in the move down from the 83.41 entry on 11/17. Trade pressures are down. Volumes are bullish.

The next target down is 72.49. TP at 72.49.
The oversold level is now 81.02 and close was 80.11, so lower SL to 81.02.

A close above 81.94 would signal higher.

[11/21/22: Rollover. Sell @ mkt.]

 

NAT GAS_ NGZ22

Weekly – In the October 2022 downtrend. Trade pressures are down but rising. Volumes remain bearish.

Daily – Flat. In the consolidation after the low of 5.30 on 10/24. Trade pressures are up but rolling over. Volumes are bullish.

The next target up is the long entry at 6.50.

A close below 6.15 would signal lower.

A always, this is a very high volatility market, so high risk.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ22

Weekly – In the September 2022 downtrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the gap between long and short. Trade pressures are up. Volumes are now neutral.

The next target up is 89.05, a new long entry. Overbought level is 93.11.

A close below 83.41 would signal lower. 84.01 is the oversold level.

 

NAT GAS_ NGHZ22

Weekly – In the October 2022 downtrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. Much too much volatility; the daily ranges are 1/2 of a big point. Trade pressures are down but rising. Volumes are bearish.

The next target up is a retest of the 6.50 long entry. 6.91 is the current overbought level.

A close below 5.80 would signal lower. But the oversold levels are now at 5.51.

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ22

Weekly – In the September 2022 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 83.84 long entry on 10/4 which has been stopped out. Trade pressures are up. Volumes are bullish.

The next target up is 96.38. Overbought is 91.84.

A close below 91.74 would signal lower. Oversold is at 84.14.

 

NAT GAS_ NGZ22

Weekly – In the October 2022 downtrend. Trade pressures are down, but rising. Volumes are now neutral.

Daily – Flat. In the move off the oversold low of 5.30. Trade pressures are up. Volumes are bullish.

The new long entry is above at 6.50. Oversold is 6.56. so maybe pass this trade.

A close below 6.31 would signal lower. But that is inside the volatility true range , so pass this also.