Category: Energy

Oil & Gas

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CRUDE_ CLM22

Weekly – In the February 2022 uptrend. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. Retracing the move down, but still inside the down move. Trade pressures are up. Volumes are bullish.

The next target down is 97.30.

A close above 111.37 would confirm this move up. The next target up is the 118.07 prior high.

 

NAT GAS_ HGM22

Weekly – In the June 2021 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the December 2021 move up, but at resistance. Trade pressures are up but turning down.

The next target up is the prior high at 8.99.

The break below the uptrend support at 7.06 now projects down to 5.87.

Oi & Gas

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CRUDE_ CLM22

Weekly – In the Feb 2022 uptrend. Trade pressures are in the neutral zone. Volumes are neutral.

Daily – Flat. In the move down from the 107.92 short entry on March 28th. Trade pressures are up but turning down. Volumes are bullish.

The next target down is 93.79.

A close above 107.48 would signal higher.

 

NAT GAS_ NGN22

Weekly – In the June 2021 uptrend. Consolidating after the spike high. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move down from the 7.41 short entry. Trade pressures are up. Volumes are neutral.

The next target down is 6.26.

The Friday close above the 7.15 level should signal a new move up.

Oil & Gas

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CRUDE_ CLM22

Weekly – In the January 2022 uptrend. Trade pressures are down into the neutral zone. Volumes are neutral.

Daily – Short. In the move down from the 106.24 entry price. Trade pressures are down. Volumes are neutral.

The next target down is 90.37.

A close above 95.66 would signal higher.

[4-12-22: Set the stop at 102.30.]

 

NAT GAS_ NGN22

Weekly – In the July 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the sharp move up to the 6.60 target. Trade pressures are up and trending. Volumes are bullish.

The next target up is unknown. Price is at the top of the risk range and susceptible to a move down.

A close below 6.65 would signal a retracement.

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Weekly – In the February 2022 uptrend. Trade pressures are up but turning down. Volumes are neutral.

Daily – Short. Short from the 105.81 entry price. Trade pressures are down. Volumes are bearish.

The next target down is 94.48.

A close above103.72 would signal higher; use as SL.

 

NAT GAS_ NGN22

Weekly – In the April 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the retracement down after the March move up to the 5.87 upside target. Trade pressures are up. Volumes are bullish.

The next target up is 6.61

The next target down is the retracement short entry at 5.72.

Oil & Gas

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CRUDE_ CLM22

Weekly – In the February 2022 uptrend. Trade pressures are up but declining. Volumes are now neutral.

Daily – Flat. In the move up off the 103.72 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 118.65.

The 113.00 reversal starts what looks to be a lower high. The next target down is 105.81 which is the new short entry.

 

NAT GAS_ NGN22

Weekly – In the July 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Long. In the  move up from the 4.91 long entry, Trade pressures are up and trending. Volumes are bullish.

Profits taken at 5.20 but price continues through the 5.60 target. The next target up is 5.88.

A close below 5.48 would signal a retracement.

Oil & Gas

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CRUDE_ CLM22

Weekly – In the January 2022 uptrend. Trade pressures are up but declining. Volumes are neutral.

Daily – Flat. The 94.84 long entry price sent price to the 161 target in five days; then back down in six days. Missed that one. Trade pressures are up. Volumes are neutral.

Now a close above 103.72 would restart the long trade.  [3/21/22: Long. SL now at the 103.72 entry.]

A close below 94.57 would signal lower.

[3-22-22: Sell 105.65, lower highs.]

 

NAT GAS_ NGN22

Weekly – In the July 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Long. stopped the move down from the 5.06 short entry at 4.91. Trade pressures are up. Volumes are bullish.

The Thursday close above 4.91 has stopped the short trade and started a new long entry.

The next target up is 5.25.

A close below the 4.62 pivot would be the SL. [3-21-22: Set the SL at the long entry 4.91.]

[3-22-22: Sell @ 5.20, front month at the upper end of the risk range.]

Oil & Gas

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CRUDE_ CLM22

Weekly – In the January 2022 uptrend. Trade pressures are up and trending. Volumes are bullish.

Daily – Long. In the new move up after getting stopped out of the short trade at 90.33. Trade pressures are up. Volumes are bullish.

Did not want to chase the move. The new long entry was 94.84. The next targets up are 103.97 and 108.05. Both have been reached.

Seems overbought here. A close below 102.75 would signal lower.

 

NAT GAS_ NGN22

Weekly – In the July 2020 uptrend. Trade pressures are just up. Volumes are bullish.

Daily – Long. In the move up from the Feb 16th entry at 4.32. Trade pressures are up. Volumes are bullish.

The next target up is 5.60.

A close below 4.79 would signal lower.

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CRUDE_CLM22

Weekly – In the January 2022 uptrend. Trade pressures are up. Volumes are now bearish.

Daily – Short. Stopped out of the prior short at the open on 2/22 for a loss. Trade pressures are up down towards the neutral zone. Volumes are now neutral.

The 2/24 Russian invasion spike receded immediately, setting up a new short from 91.97. The next target down is 85.92.

A close above 90.33 would signal higher.

 

NAT GAS_ NGH22

Weekly – In the June 2021 uptrend. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Short. Interesting that the 2/24 Invasion spike was a lower high than the 2/2 spike. Trade pressures are down. Volumes are now neutral.

Short from the 4.73 trigger on 2/4. The next target down was met at the 3.95 level. The followed by a retracement to the spike high on 2/24. Now expect the 3.95 downside target to be retested.

A close above the spike at 4.71 would signal higher. use 4.70 as the SL.

 

 

 

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CRUDE_ CLM22

Weekly – In the January uptrend. Trade pressures are up and trending. Volumes are now bearish.

Daily – Short. The new short is signaled at 85.91. Trade pressures are down hard. Volumes remain bullish.

The next target down is 81.71.
Trading is against the weekly pressures. Wait to enter on a bearish reversal of the trade pressures.

A close above 87.49 would signal a resumption of the move up. Use that as a SL.

 

NAT GAS_ NGH22

Weekly – The 3.21 support has held the uptrend. Trade pressures are down into the neutral zone. Volumes are now bullish.

Daily – Flat. In a retracement up inside the move down from 4.73. Trade pressures are down into the neutral zone. Volumes are now neutral.

The next target down is 3.95.

A close above 4.60 would signal higher.

Oil & Gas

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CRUDE_ CLM22

Weekly – In the January 2022 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the December 2021 long entry at 66.15. Trade pressures are up. Volumes are bullish.

The next target up is 91.75.

A close below 85.81 would signal lower. Use this as the SL

 

NAT GAS_ NGH22

Weekly – The move up off the 3.30 support levels has stalled. Trade pressures are down into the neutral zone. Volumes are now neutral.

Daily – In the move down from the 4.79 level. Trade pressures are down. Volumes are bearish.

The net target down is 3.64.

A close above 4.36 would signal higher.