Category: Energy

Oil & Gas

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CRUDE_ CLM22

Weekly – In the January 2021 uptrend. Trade pressures are up, but declining to the neutral zone. Volumes are bearish.

Daily – Short. In the move down from the 75.59 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 68.89.

A close above 72.80 would start a short retracement up, to perhaps 75.50.

 

NAT GAS_ NGZ21

Weekly – June 2021 uptrend still intact. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 5.89 short entry. Trade pressures are up. Volumes are bearish.

The next target down is 4.64.

A close above 5.33 would signal higher.

Oil & Gas

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CRUDE_ CLZ21

Weekly – In retracement within the Dec 2020 uptrend. Trade pressures are up but declining. Volumes are bearish.

Daily – Flat. In the retracement down from the 81.73 short entry. Trade pressures are down. Volumes are now neutral.

The next target down is 78.05.

A close above 81.87 would signal higher.

 

NAT GAS_ NGZ21

Weekly – Giving back the entire run-up of September and October. Trade pressure are down. Volumes are bearish.

Daily – Flat. In the move down from the 10/28 short entry at 5.89. Trade pressures are down but rising. Volumes are bearish.

The next target down is 4.64.

A close above 4.91 would signal higher.

Could take a speculative long at the 4.64 target with a tight stop.

Oil & Gas

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CRUDE_ CLZ21

Weekly – In the November 2020 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the retracement off the 84.50 highs. Trade pressures are down. Volumes are bearish.

The Close below 81.73 has signaled lower. No trade as the weekly remains bullish. The next target down is 78.05.

A close above 84.36 would signal higher.

 

NAT GAS_ NGZ21

Weekly – In the June 2021 uptrend. Trade pressures are down into the neutral zone. Volumes are now bullish.

Daily – Flat. The retracement form the 6.64 highs has resolved into a wide channel. Trade pressures are down. Volumes are now bearish.

The next target down is 5.29.

A lose above 5.67 would signal higher.

Oil & Gas

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CRUDE_ CLZ21

Weekly – In the November 2020 up trend. Trade pressures are up. volumes remain bullish.

Daily – Flat. In the move down from the 85.40 high. Trade pressures are down. Volumes are bullish.

The next target down is 78.05. Need a confirmation of a close below the 8058 low and the volume change.

A close above 84.21 would resume the move up.

 

NAT GAS_ HGZ21

Weekly – In the June 2021 uptrend. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. Lower lows and lower highs. Trade pressures are down. Volumes are bearish.

The next target down is 5.26.

A close above 5.99 would signal higher.

Oil & Gas

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CRUDE_ CLZ21

Weekly – In the weekly move up. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 70.00 breakout on 9-15. Trade pressures are up. and trending. Volumes are bullish.

The next target up is 84.77. A close below 81.36 would signal lower.

 

NAT GAS_ NGZ21

Weekly – In the retracement of the October 5th spike high. Trade pressures are down into the neutral zone. Volumes are neutral.

Daily – Flat. In the retracement down from the highs. Trade pressures are now up. Volumes remain neutral.

The next target up is 5.65. looking for a back-test of the 25×5 MA at 5.10 to re-enter the long.

A close below 4.82 would signal lower and is the long stop.

Oil & Gas

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Weekly –  In the January 2021 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. At the 78.56 upside target. Trade pressures are up. Volumes are bullish.

The next target up is 82.68.

A closebelow 76.93 would signal lower.

 

NAT GAS_ NGZ21

Weekly – Trading between 5.40 and 6.40 as the sharp move up is consolidated. Trade pressures are up. Volumes are now neutral.

Daily – Flat. In consolidation. Trade pressures are down. Volumes are bearish.

The next target down is 5.11.

A close above 6.16 would signal higher.

Oil & Gas

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CRUDE_ CLZ21

Weekly – In the Jan 2021 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 71.00 new long entry. Trade pressures are up but declining. Volumes are bullish.

The next target up is the prior high at 78.26. [Correction: 76.26]

A close below 73.57 would signal lower.

 

NAT GAS_ NGZ21

Weekly – Big sell volumes at the spike high. Trade pressures are up. Volumes are now bearish.

Daily – Flat. In a retracement down off the 6.46. spike high. Trade pressures are up but pointing down. Volumes are bearish.

The next target down is prior upside target at 5.49.

The next target up is the 6.43 prior high.

Oil & Gas

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CRUDE_ CLZ21

Weekly – In the August 2021 uptrend. Trade pressures are up. Volumes are bullish.

Daily  – Flat. Stopped out of the new long entry at 69.83. Trade pressures are up. Volumes are bullish.

The next target up is 78.56.

A close below 71.17 would signal anew move lower.

 

NAT GAS_  NGZ21

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

Daily – Long. In the move up from the 5.34 new long entry. Trade pressures are up. Volumes are bullish.

The next target up is 5.80.

A close below 5.08 would signal lower. Use this level as the initial stop.

[09-26-21: Sun open. Long at 5.37]

[09-27-21: Raise stops to the breakeven, 5.37.] [09-27-21: Sold PM at 5.80]

Oil & Gas

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CRUDE_ CLZ21

Weekly – Remains in the Dec 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up from the break out at 70.12. Trade pressures are up but rolling over. Volumes are bullish.

The next target up is 72.75.

A close below 69.70 would signal lower. Use 69.70 as the stop.

[9-20-21: stopped out at 69.70.]

 

NAT GAS_NGZ21

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

Daily – Long. Still in the move up from the  8/26 4.29 entry. Trade pressure are up. Volumes are neutral.

Reached the high of 5.79. The next target up is 5.63

Now in a retracement. The next target down is 5.09.
Set the stop at 4.89.

[09-21-21: stopped out at 4.89.]

Oil & Gas

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CRUDE_ CLZ21

Weekly – In the December 2020 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move up from the 64.50 long entry. Trade pressures are up into the neutral zone. Volumes are now bullish.

The 70.93 resistance break will signal a new move up.

A close below 67.55 would signal lower. The moving average at 61.74 would be a likely target.

 

NAT GAS_ NGZ21

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

Daily – Long; in the move up from the  8/26 4.29 entry. Trade pressure are up. Volumes are bullish.

The next target up is 5.48.

A close below 4.96 would be the stop.