#crudeoilfutures #naturalgasfutures

CRUDE_ CLV24

Weekly – In the September 2024 downtrend  after breaking support. Trade pressures are down. Volumes remain bearish.

Daily – Long. Signal at 68.38, but wait for the pullback towards 66.00.  Trade pressures are up.  Volumes remain bearish.

The next target up is 71.49. The expected overbought levels are lower at 72.49.

A close below 67.23 would signal lower. If long, use 67.23 as SL. The expected oversold level decline to 64.56.

 

NAT GAS_ NGV24

Weekly – In in a new August 2024 downtrend.  Trade pressures rising into the neutral zone.  Volumes remain are now bullish.

Daily – Flat.  In the move up from 2.14 on 9/2. At the upside resistance at 2.39. Trade pressures are up.  Volumes are bullish.

The next target up is 2.54. The expected overbought level rises to 2.40.

A close below 2.25 would signal lower. Set this 2.25 as the SL. The expected oversold level rises to 2.10.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV24

Weekly – In the September 2024 downtrend  after breaking support. Trade pressures are in the neutral zone. Volumes remain bearish.

Daily – Flat. The short entry was stopped out for a small loss.  Trade pressures are now down.  Volumes are bearish.

At the 67.78 downside target. The expected oversold level decline to 67.16.

At support. A close above 70.11 would signal higher. The expected overbought levels are lower at 74.44.

 

NAT GAS_ NGV24

Weekly – In in a new August 2024 downtrend.  Trade pressures remain down but rising.  Volumes remain bearish.

Daily – Long.  In the move up from 2.14 on 9/2 and rallies for the week to 2.28. Trade pressures are up.  Volumes are bullish.

The next target up is 2.38. The expected overbought level rises to 2.31.

A close below 2.18 would signal lower. Set this 2.18 as the SL. The expected oversold level rises to 2.07.

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV24

Weekly – In the March 2024 uptrend and above support. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. The short entry was stopped out for a small loss.  Trade pressures are now down.  Volumes are now bullish.

The next target down 71.92. The expected oversold level rises to 71.15.

The next target up is 76.12 and expected support level is 72.67. The expected overbought levels are lower at 77.74.

 

NAT GAS_ NGV24

Weekly – In in a new August 2024 downtrend.  Trade pressures remain down but rising.  Volumes remain bearish.

Daily – Flat.  Basing at the 2.00 level. Trade pressures are rising into the neutral zone.  Volumes remain bearish.

The next target down is 1.93 with support is at 2.09. The expected oversold level declines to 1.92.

A close above 2.14 would signal higher. The expected overbought level declines to 2.24.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV24

Weekly – In the March 2024 uptrend and above support. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the move up from the 76.14 break out of the bull flag on 8/26; but finding immediate resistance at 77.62.   Trade pressures are now up.  Volumes are now bullish.

The next target up is 78.18. The expected overbought levels are lower at 78.06.

A close below 75.71 would signal lower ( Global slowdown? ). The expected oversold level declines to 70.80.

[8-27-24: New Contract, CLV24. Short At 75.71.  Set S:L at 75.98 lower to BE asap]

[8-29-24: SL hit at 75.98. ]

 

NAT GAS_ NGV24

Weekly – In in a new August 2024 downtrend.  Trade pressures remain  down.  Volumes are now bearish.

Daily – Flat.  The long trade at 2.14 was stopped out for a breakeven. Trade pressures are down.  Volumes are bearish.

The next target down is 1.93. The expected oversold level rises to 1.94.

A close above 2.14 would signal higher. The expected overbought level declines to 2.26.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU24

Weekly – In the March 2024 uptrend and above support. Trade pressures are down. Volumes are now bullish.

Daily – Flat. In the move down from 76.39 on 8/16. Trade pressures are down.  Volumes are now bullish.

The next target down is 73.27. The expected oversold level declines to 71.94.

A close above 76.64 would signal higher. The expected overbought levels are higher at 80.81.

 

NAT GAS_ NGQ24

Weekly – In in a new August 2024 downtrend.  Trade pressures remain  down.  Volumes are now bullish.

Daily – Flat.  The long trade at 2.14 was stopped out for a breakeven. Trade pressures are down.  Volumes are bearish.

The next target down is 2.03. The expected oversold level remains at 1.91.

A close above 2.16 would signal higher. The expected overbought level rises to 2.30.

 

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU24

Weekly – In the March 2024 uptrend and above support. Trade pressures are down. Volumes are now bullish.

Daily – Long. In the move up from 74.78 on 8/8. Trade pressures are up.  Volumes are now bullish.

The next target up is 77.89. The expected overbought levels are lower at 77.72.

A close below 75.28 would signal lower. The expected oversold level rises to 71.78.

[8-8-24: Long at 74.78.]

[8-11-24: set the SL at 74.78.]

[8-12-24: Raise the SL to 77.89.  ** 10 min before close, raise to 78.70.]

[8-13-24: Stopped out at 78/70.]

 

NAT GAS_ NGQ24

Weekly – In in a new August 2024 downtrend.  Trade pressures remain  down.  Volumes are now bullish.

Daily – Flat.  The small rally has triggered a long trade at 2.14. Trade pressures are up.  Volumes are bullish.

the next target up is 2.40. The expected overbought level declines to 2.21.

A Close below 2.10 would signal lower. The expected oversold level remains at 1.91.

[8-11-24: Set the SL at 2.10.]

[8-12-24: Raise the SL to the entry price, 2.14.]

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU24

Weekly – In the March 2024 uptrend and above support. Trade pressures are down. Volumes are bearish.

Daily – Flat. Continuing the move down from 77.49.  Trade pressures have returned to down.  Volumes are remain bearish.

The next target down is 68.95. The expected oversold level declines to 74.52.

A close back above 79.43 would signal higher. The expected overbought levels are at 79.48.

[8-8-24: Off the 71.67 lows. Close the short at 74.78. Long at 74.78.]

 

NAT GAS_ NGQ24

Weekly – In in a new August 2024 downtrend.  Trade pressures remain  down.  Volumes remain bearish.

Daily – Flat.  Still Relentless Decline. Trade pressures remain down.  Volumes remain bearish.

The next target down is 1.87. The expected oversold level declines to 1.91.

A close above 2.01 would signal higher.  The expected overbought level declines to 2.26.

#usdollarfutures #ustreasurybondfutures

USD_ DXU24

Weekly –  Remains in the April 2024 uptrend.  Trade pressures are down. Volumes are bearish.

Daily – Short. Closed below the 105.07 support .  Trade pressures are down.  Volumes are bearish.

The next target down is 103.60.  The expected oversold levels decline to 104.10.

A close above 104.09 would signal higher. The higher expected overbought level is 105.53.

 

US30YR T-BOND_ USU24

Weekly – In the April 2024 downtrend.  Trade pressures are down into the neutral zone.  Volumes are now bullish.

Daily  – Long. Closed above the March UML at 118-27 on 7/11.  Trade pressures are up. Volumes are bullish.

The close above the 200 day MA at 117-19 started a new move up. Overbought levels are 120-28.

A close below 119-09 would signal lower. Oversold levels are 116-11.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU24

Weekly – In the March 2024 uptrend and above support. Trade pressures are up. Volumes are now neutral.

Daily – Flat. The move up stopped at 83.56 which was a lower high.   Trade pressures have returned to – up.  Volumes are now neutral.

Very near a close below 80.54 which would signal lower. The expected oversold level rises to 80.74 (support).

A close back above 81.89 would signal higher. The expected overbought levels are now higher at 84.33.

 

NAT GAS_ NGQ24

Weekly – In the April 2024 uptrend.  Trade pressures remain  down.  Volumes are bearish.

Daily – Flat.  time moves price across the 6/25 downtrend line. Trade pressures are down.  Volumes remain bearish.

The next target down is 2.21. The expected oversold level declines to 2.17.

A close above 2.39 would signal higher.  The expected overbought level declines to 2.58.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU24

Weekly – In the March 2024 uptrend and at support. Trade pressures are up. Volumes are bullish.

Daily – Flat. Still in the move up from the 78.78 long entry on 6/17.   Trade pressures are up.  Volumes are bullish.

The next target up is 85.96. The expected overbought levels are now higher at 84.32.

Very near to a close below 83.49 which would signal lower. The expected oversold level rises to 80.14.

 

NAT GAS_ NGQ24

Weekly – In the April 2024 uptrend.  Trade pressures remain  down.  Volumes are bearish.

Daily – Flat.  Breaks further down below the downward channel. Trade pressures are down.  Volumes remain bearish.

The next target down is 2.21. The expected oversold level rises to 2.35.

A close above 2.47 would signal higher.  The expected overbought level declines to 2.90.