#crudeoilfutures #naturalgasfutures

CRUDE_ CLM23

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

Daily –Flat. In the move up from 73.10 on 3/29. Trade pressures are up. Volumes are bullish.

The next target up is 88.56. The overbought level is 82.95 and price has exceeded that level.
[4-17-23: overbought levels at 83.36 are rising, wait to short till the overbought turns down.]

A close below 78.78 would signal lower. The expected oversold level is 75.76.

[4-20-23: Short at 78.01. Set SL at 80.00.]

 

NAT GAS_ NGN23 (July Contract)

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

Daily – Long. In a new move up from the 2.46 long entry on 4-14 . Trade pressures are down but rising. Volumes are now bullish.

The next target up is 2.65. Overbought level is 2.26.

Downside support is gone. The prior low is 2.38. The expected oversold level is 1.97.

This is a counter trend trade so be cautious. Tight stops for this widow-maker, move up to BE as soon as possible.

[4-17-23: Trade now at 2.73. Raise SL to BE at 2.46.]

 

 

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CRUDE_ CLM23

Weekly – In the September 2022 downtrend. Trade pressures have risen into the neutral zone. Volumes are now neutral.

Daily –Flat. In the move up from 67.42. Trade pressures are up. Volumes are bullish.

The next target up is 76.63. The expected overbought level is 74.90.

A close below 73.29 would signal lower. The oversold level is 66.86.

[3-31-23: Immediately stopped out of the 75.18 short trade for a loss. Quarter ending trades all bullish. Try again higher this nest week.]

 

NAT GAS_ NGN23

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

Daily – Flat. Broke the 2.83 support . Trade pressures are down but rising. Volumes are now bullish.

Downside support is gone. The expected oversold level is 2.01.

A close above 2.73 would signal higher. The next target up is 2.86. Overbought is at 2.48.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM23

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

Daily –Flat. at the oversold level of 64.91. In a new move up from 67.51. Trade pressures are now up but declining. Volumes are neutral.

The next target up is 71.89. The expected overbought level is 75.44.

A close below 67.69 would signal lower. The oversold level is 64.91.

[3/31/23: Overbought levels reached. Sell June contract at 75.18 the new short entry. SL at 75.61.]

 

NAT GAS_ NGN23

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

Daily – Flat. sitting on the 2.81 support . Trade pressures are down but rising. Volumes are now neutral.

A close above 2.90 would signal higher. The next target up is 3.25. Overbought is at 2.57.

Downside support is still at 2.81. The expected oversold level is 2.105.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM23

Weekly – In the September 2022 downtrend. Trade pressures are now down into the neutral zone. Volumes remain bearish.

Daily –Flat. The close below 76.01 triggered a new short entry on 3/13. Trade pressures are down. Volumes are now neutral.

At the 64.87 downside target. The oversold level is now 66.06. Looking for retracement up.

A close above 69.00 would signal higher. The expected oversold level is 74.25.

 

NAT GAS_ NGN23

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

Daily – Flat. In the  move down after the impulse off the 2.66 lows. Trade pressures are down. Volumes are now bearish.

A close above 2.90 would signal higher. The next target up is 3.25. Overbought is at 2.94.

Downside support is still at 2.81. The expected oversold level is 2.25.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM23

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

Daily –Flat. The close below 76.01 triggered a new short entry on 3/13. Trade pressures are down. Volumes are now bearish.

The next target down is 73.66. The oversold level is 74.70.

A close above 73.99 would signal higher. The next target up is 75.87. The expected oversold level is 79.42.

[3-13-23: The spike down in the overnight and the ensuing retracement were not traded. looking for a rally to short around the overbought levels.]

 

NAT GAS_ NGN23

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

Daily – Flat. stopped out at the 3.36 SL. Trade pressures are down. Volumes are now bearish.

The next target up is 3.62. Overbought is at 3.03 and is near the current price.

downside support is at 2.81. The expected oversold level is 2.31.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM23

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

Daily –Flat. The close above 76.88 triggered a new long entry on 3/1. Trade pressures are up.. Volumes are now bullish.

The next target up is 81.89. The overbought level is 78.83.

A close below 75.78 would signal lower. The expected oversold level is then 73.67.

 

NAT GAS_ NGN23

Weekly – In the December 2022 downtrend. Trade pressures are down but rising. Volumes are now bullish.

Daily – Long. Now in a retracement up from the 2.90 long entry on 2/23. Trade pressures are up. Volumes are now bullish.

The next target up is 3.62. Overbought is at 2.99 and is below the current price.

A close below 3.36 would signal lower. Use the 3.36 level as the SL. The expected oversold level is 2.05.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM23

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

Daily –Flat. The close below 79.19 triggered a new short entry on 2/17.. Trade pressures are down but rising. Volumes are now bullish.

The next target down is 70.80. The oversold level is now 73.16.

A close above 76.88 would signal higher. The expected overbought level is then 78.61.

 

NAT GAS_ NGN23

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

Daily – Long. Now in a retracement up from the 2.90 long entry on 2/23. Trade pressures are up. Volumes are now bullish.

The next target up is 3.14. Overbought is expected at 3.62.

A close below 2.96 would signal lower. The oversold level is 2.07.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH23

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

Daily –Flat. The close below 77.49 triggered the profit stop. Trade pressures are down. Volumes are now bearish.

The next target down is 71.11. The oversold level is now 73.48.

A close above 77.40 would signal higher. The expected overbought level is then 80.38.

 

NAT GAS_ NGH23

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

Daily – Flat. Now in the the third leg down from the break down at the  2.51 consolidation area on 2/16/23. Trade pressures are down. Volumes are now bearish.

Below the 2.51 target. The oversold level is 2.29.

A close above 2.48 target would signal higher. Overbought is expected at 2.70.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH23

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

Daily – Long . The close above 75.90 signaled higher. Trade pressures are up. Volumes are bullish.

The next target up is 81.77. The overbought level is now 80.35

A close below 77.73 would signal lower. The expected oversold level is then 73.01.

[2/13/23: Take profits at 80.35. Set SL at 76.52]

[2/16/23 Set SL at 77.49}

[2/17/23: SL sold at 77.49.]

 

NAT GAS_ NGH23

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

Daily – Flat. In the the second leg down from 6.80 on 11/30/22. Trade pressures are now up into the neutral zone. . Volumes are now neutral.

Below the 2.66 target. The oversold level is 2.26.

A close above 2.66 target would signal higher. Overbought is expected at 2.80.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH23

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

Daily – Short. The close below 80.76 signaled lower and retracement has begun. Trade pressures are down. Volumes are bearish.

The next target down is 71.11. The oversold level is now 75.13

A close above 75.90 would signal higher. The expected overbought level is then 81.12.

 

NAT GAS_ NGH23

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

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

Below the 2.66 target. The oversold level is 2.30.

A close above 2..48 would signal higher. Overbought is expected at 3.18.