Category: Energy

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

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

Daily – Flat. In the move down from the 70.50 short entry. Trade pressures are up but pointing down. Volumes are neutral.

The next target down is a retest of 64.17.

A close above 68.63 would signal higher.

 

NAT GAS_ NGZ21

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

Daily – Flat. The uptrend line has been broken. Trade pressures are down. Volumes are bearish.

The next target down is 3.92.

A close above 4.21 would signal higher.

Oil & Gas

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CRUDE_ CLU21

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

Daily – Flat. In the move up from the 69.98 long entry. Trade pressures are are down and trending. Volumes are bearish.

The next target up is 74.97.

A close below 67.61 would signal lower.

 

NAT GAS_ NGU21

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

Daily – Flat. In the move up from the 2.87 in the April uptrend. Trade pressures are up. Volumes are now neutral.

The next target up is 4.31.

A close below 4.08 would signal lower.

Oil & Gas

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CRUDE_ CLU21

Weekly – In the December uptrend. Trade pressures are up but turning over. Volumes remain bullish.

Daily  – Short. In the new move down from the new short entry at 73.69 on 7/14. Trade pressures are down. Volumes are bearish.

The next target down is 69.03.
[07-20-21: Take profits at the 65.95 target.]

A close above 73.34 would signal higher and stop the short trade out.

 

NAT GAS_ NGQ21

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

Daily – Short. In the move down from the 3.62 short entry on 7/7. Trade pressures are down. Volumes are bearish.

The next target down is 3.40.

A close back above the 3.68 resistance would signal higher and stop the short trade. Since the weekly is still bullish, keep tight stops, adjusting regularly.
[07-16-21: stopped out at a loss.]

Oil & Gas

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CRUDE_ CLQ21

Weekly – Remains in the move up off the breakout of the 64.28 level. Trade pressures are up. Volumes remain  bullish.

Daily –  Flat. In the move up from the 72.05 level. Trade pressures are up. Volu mes are neutral.

The next target up is 75.77.

A close below 70.21 would signal a change in trend to down.

 

NAT GAS_ NGQ21

Weekly – In the Mid June uptrend. Trade pressures are up. Volumes are bullish.

Daily – Short. In a retracement move down form the 3.62 level. Trade pressures are down. Volumes are now neutral.

The next target  down is 3.40.

A close above 3.80 would signal a new breakout to the upside.

Oil & Gas

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CRUDE_ CLQ21

Weekly – Continues the slow move upward. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the 5/21 move up from 65.00. Trade pressures are up. Volumes are bullish.

The next target up is 76.22, the prior high.

A close below 71.16 would signal lower.

 

NAT GAS_ NGU21

Weekly – June new uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the break above the 200 day MA at 3.02. Trade pressures are up, but rolling over. Volumes are now neutral.

The next target up is 4.31.

A close below the 3.60 level nearby should retrace the immediate gains.

Oil & Gas

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CRUDE_ CLQ21

Weekly – Moving higher each week in this Dec 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 5/5 new long entry at 65.04. Trade pressures are up but turning down. Volumes are bullish.

The next target up is 77.96.

The next target down is 71.76, the new short entry.

 

NAT GAS_  NGQ21

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

Daily – Flat. The 4/19 long entry at 2.85 has met the 100% target at 3.67. Trade pressures are up. Volumes are bearish on the spike to 3.80.

The next target up is that same 3.67.

A close below 3.61 would signal lower.

 

Oil & Gas

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CRUDE_ CLQ21

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

Daily – Flat. In the move up from the new 72.36 long entry. Trade pressures are turning up. Volumes are bullish.

The next target up is 75.22.

A close below 70.00 would signal lower.

 

NAT GAS_ NGN21

Weekly – In the new weekly uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move up from the 2.85 April long entry. Trade pressures are down. Volumes are bearish.

The next target down  is 2.95.

A close above 3.22 would signal higher.

Oil & Gas

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CRUDE CLN21

Weekly – In the December 20202 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the May move up from 65.77. Trade pressures are up and showing some divergence. Volumes are bullish.

The next target up is 74.23.

A close below 69.28 would signal lower.

 

NAT GAS_ NGN21

Weekly – Testing the resistance of the early December 2020 downtrend. Trade pressures are just up out of the neutral zone. Volumes are bullish.

Daily – Short. In the move down from the 3.01 short entry but is moving against the trade.. Trade pressures are up but declining. Volumes are bullish.

The next target down is 2.80.

Has moved up to resistance. A break this this would trigger the 3.22 stop.

[06-11-21: Triggered the stop for a loss in the premarket.]

Oil & Gas

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CRUDE_ CLN21

Weekly – In the December up trend. Trade pressures are up. Volumes are bullish.

Daily – In the move up from the long entry at 65.77. Trade pressures are up and trending. Volumes are bullish.

The next target up is 74.23.

A close below would 68.39 would signal lower.

 

NAT GAS_ NGN21

Weekly – In the Dec 2020 downtrend, Trade pressures are up but near the neutral zone.

Daily – Short. In the move down from the 3.01 short entry. Trade pressures are down into the neutral zone. Volumes are bullish.

The next target  down is 2.80.

A close above 3.20 would signal higher and should be used as the stop.

Oil & Gas

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CRUDE_ CLN21

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

Daily – Flat. In the new move  up from the 65.77 long entry. Volumes are bullish.

The next target up is 74.23.

A close below 65.83 would signal lower.

 

NAT GAS_ NGN21

Weekly – Remains in the Dec 2020 downtrend. Trade pressures are up but declining. Volumes are bullish.

Daily – Short. The resistance line is nearby. Trade pressures are up but reversing. Volumes are bearish.

In the move down from 3.04. The next target down is 2.80.

The next target up would be the down trend line at 3.22 and would signal higher if broken.