#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

Weekly – The break above 64.28 has produced résistance. Trade pressures are up but declining.

Daily – Flat. Still in the move down However Trade pressures are turning up. Volumes are bullish.

The next target down is 56.03.

A close above 62.31 would signal higher.

 

NAT GAS_ NGM21

Weekly – In the December 2020 downtrend. Trade pressures are down but rising.

Daily – Flat. Still in the down trend. Trade pressures are down. Volumes are bullish.

The next target down is 2.43 and is nearby.

A close above 2. 69 would signal higher.

 

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CRUDE_ CLM21

Weekly – Backtesting the break above 64.28. Trade pressures are up but reversing. Volumes are bullish.

Daily – Flat. Moving up off the 57.35 lows. Trade pressures are up into the neutral zone. Volumes are bearish.

The next target up is 65.45.

A close below 58.00 would signal lower.

 

NATGAS_ NGK21

Weekly –  In the Dec 2020 downtrend. Trade pressures are down, but reversing. Volumes are now neutral.

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

The next target up is 2.69, the new long entry price.

A close below 2.59 would resume the downtrend.

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CRUDE_ CLM21

Weekly – Now pulling back form the 64.23 upside target. Trade pressures are up but declining. Volumes are neutral.

Daily – Flat. In the move down from the 65.54 short entry for the retracement. Trade pressures are down. Volumes are now neutral.

The next target  down is 55.98.

A close above 63.14 would signal higher.

 

NAT GAS_ NGK21

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

Daily – Flat. At the 161% downside target. Trade pressures are down but rising. Volumes are bullish.

The next target down is 2.34.

A close above 2.64 would signal a new move up.

 

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CRUDE_ CLM21

Weekly – Consolidating at the 64 level. Trade pressures are up. Volumes are bearish.

Daily – Flat. Still in the  November move up. Trade pressures are up but declining. Volumes are bearish.

The next target up is 68.30.

The close below the 63..5 was  not confirmed by the Trade pressures. Now, a close below 62.67 the prior week’s lows would signal lower.

 

NATGAS_ NGM21

Weekly – The 3.00 double top doesn’t look promising. Trade pressures are down. Volumes re main bearish.

Daily – Flat. In the move down from the 2.92 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 2.45.

Expect resistance here at 2.57, the median line. A  close above 2.72 would signal a retracement move up.

 

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CRUDE_ CLM21

Weekly – Closed above the 64.23 161% (extended) target. Trade pressures are up. Volumes are bullish.

Daily – Flat. Closed above the 62.96 extended target. Trade pressures are up. Volumes are bullish.

The next target is 65.84.

A close below 63.55 would signal lower.

 

NAT GAS_ NGK21

Weekly – Grinding sideways in the downtrend. Trade pressures are down into the neutral zone.

Daily – Flat. At 2.67, the uptrend support line. Trade pressures are down. Volumes are bearish.

The next target down is 2.62.

A close above 2.81 would signal higher.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

Weekly – the 64.23 upside target is close by. Trade pressures are up. Volumes are bullish.

Daily – Short. In the new move down for the 61.19 entry. Trade pressures are up but reversing. Volumes are neutral.

The next target down is 58.43.

A close back above 62.01 would signal higher. Use that as the stop.

[03-01-21: stopped out in the over night. Re-shorted at the break of the 25×5 at 61.40. New stop is 61.90.]

[03-01-21: nite session. Lower stops to 61.00.]

[3-3-21: After a low of 58.77 stopped out at the 61.00 level.]

 

NAT GAS NGJ21

Weekly – Remains in the downtrend. Trade pressures are up but have reversed. Volumes are neutral.

Daily – Short. In the new move down from the 2.86 entry. Trade pressures are down and trending. Volumes are bearish.

Look for some price improvement to enter near the 2.86. The next target down is 2.50.

A close above the 200 day MA is the stop at 2.90.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

Weekly – In the December move up. Trade pressures are up. Volumes are bearish for the first time in two months.

Daily – Short. In the retracement move down from the 58.81 short entry. Trade pressures are up but reversing. Volumes are bearish.

The next target down is 55.38.

A close above 59.60 would signal higher.

[2-26-21: Short entry is 61.19. with a stop at 62.01]

 

NATGAS_ NGH21

Weekly – Rallied to test the resistance at 3.25. Trade pressures are up. Volumes are bearish..

Daily – Flat. Consolidating above the 200 day MA at 2.915. Trade pressures are up but turning down to the neutral zone. Volumes are neutral.

The next target down is 2.86, the new short entry.

A close above 3.15 would restart the move up.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

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

Daily – Flat. In the move up from the 53 breakout in early Feb. Trade pressures are up but reversing. Volumes are bullish.

The next target  up is 62.96.

A close below 56.71 would signal lower.

 

NAT GAS_ NGH21

Weekly – Wintery blast covers the US. Trade pressures are up. Volumes are bullish.

Daily – Flat. In consolidation after reaching the 3.06 upside target. Trade pressures are in the neutral zone. Volumes are bullish, but mixed over the week.

The next target up is 3.45.

A close below 2.68 would signal lower.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

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

Daily – Flat. In the Nov uptrend. Trade pressures are up. Volumes are bullish. The third leg up broke out at 52.71.

The next target up is 57.84.

A close below 54.18 would signal lower.

 

NAT GAS_ NGH21

Weekly – In the Dec downtrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. Out of the breakout trade at a breakeven. Trade pressures are up. volumes are bearish.

The next target up is 3.00 at the 200 day MA.

A close below 2.68 would signal lower.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

Weekly – In the Dec uptrend. Trade pressures are up. Volumes are neutral.

Daily – Flat. Moving side ways. Trade pressures are down. Volumes are bearish.

The next target  up is 53.44 the prior high.

A close below 54.11 would signal a new short entry.

[2-1-21: The post market close above 53.38 restarts the uptrend.]

 

NAT GAS_ NGH21

Weekly – Basing. Trade pressures are neutral. Volumes are bearish.

Daily – Flat. In the move down and now at the 2.45 downside target. Trade pressures are dwon. Volumes are bullish.

The next target  down is a retest of the 2.27 lows.

A close above 2.79 would start a new up trend.

[2-1-21: Long at 2.81. Stops at 2.45] [Raise the stops to 2.79]

[2-2-21: raise the stops to breakeven, 2.81.]

[2-3-21; stopped out at the breakeven.]