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CRUDE_ CLM21

Weekly – In the Dec 2020 uptrend. Trade pressures are up but reversing. Volumes are now neutral.

Daily – Flat. In the move up but divergences are showing. Trade pressures are down. Volumes are bearish.

The next target up is the prior high at 53.40.

A Close below 51.11 would signal lower.

 

NATGAS_ NGH21

Weekly – In the December 2020 move down. Trade pressures are up ionto the neutral zone. Volumes are bearish.

Daily – Flat. Consolidating around the 2.45 downside target. Trade pressures are down. Volumes are bearish.

The next target down is the prior low at 2.26.

A close above 2.52 would signal a retracement up.

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CRUDE_ CLM21

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

Daily – Flat. in the move up from the Nov 2020 break above the 200 Day MA. Trade pressures are Volumes are bearish.

The next target up is 53.98, the prior high.

A close below 51.30 would signal lower.

 

NAT GAS_ NGH21

Weekly – Rising in the Dec 2020 downtrend. Trade pressures are up. Volumes are bearish.

Daily – Long. In the move up from the 2.52 level. Trade pressures are down. Volumes are bullish.

The next target up is 2.79, then 2.92.

A close below 2.60, the 25×5 MA, would signal lower.

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CRUDE_ CLM21

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

Daily – Flat. In the move up from the November long entry at 40-59. Trade pressures are up and extended. Volumes are bullish.

The next target up is 52.77.

Now in backwardation. A close below 45.44 would signal lower. The 2hr support is at 48.54.

 

NAT GAS_ NGH21

Weekly – Re entered the two year down trend in December 2020. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Flat. In the retracement move up from 2.52. Trade pressures are up but reversing. Volumes are bullish.

The next target up is 2.79.

A close below 2.53 would signal lower.

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CRUDE_ CLM21 (June)

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

Daily  – Flat. In the retracement/consolidation between the 47.16 short entry and the prior high at 49.49. Trade pressures are up. Volumes are neutral.

The next target down is the short entry at 47.16.

A close above the 48.76 lower time frame resistance (2hr) would signal higher.

 

NAT GAS_ NGH21

Weekly – Lower highs since August. Trade pressures are down but rising. Volumes are neutral.

Daily – Flat. At the 2.47 target and consolidating. Trade pressures are up. Volumes are bearish.

The next target down is 1.83.

A close above 2.52 would signal a retracement move higher.

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CRUDE_ CLM21 (JUNE contract)

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

Daily – Flat. In the retracement move lower from the 47.23 short entry. Trade pressures are rising into the neutral zone. Volumes are neutral.

The next target down is 44.83.

A close above the high pivot at 49.49 would signal higher.

 

NAT GAS_ NGH21

Weekly – In the November downtrend. Trade pressures are down but rising. Volumes are neutral.

Daily – Flat. Retracing inside the up move. Trade pressures are down. Volumes are bearish.

The next target down is 2.42.

A close above 2.55 would restart the move up.

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CRUDE_ CLM21

Weekly – The weekly breakout continues. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the November 42.50 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 52.77.

A close below 45.44 would signal lower.

 

NAT GAS_ NGH21

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

Daily – Flat. Retracing upward inside the move down. Trade pressures are up but reversing.  Volumes are bullish.

The next target up is 2.72 and the downtrend resistance at 2.79.

at the 25×5 MA resistance. A close back below 2.59 would signal a resumption of the move down.

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CRUDE_ CLM21 (June Contract)

Weekly – Moving up to test the downtrend resistance line at 49.85. Trade pressures are up. Volumes are bullish.

Daily  -Flat. Stopped out of the November long trade at 47.50. Trade pressures are up. Volumes are bullish.

The next target up is 52.77. Need a daily bullish reversal to re-enter the long trade.

A close below 45.64 would signal lower.

 

NAT GAS_ NGH21

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

Daily – Flat. In the move down from the November 3.27 short entry. Trade pressures are now up. Volumes are neutral.

The next target down is 1.835.

A close above 2.63 would signal higher. (Need a bullish reversal in the weekly to confirm.)

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21 (June 2021 Contract)

Weekly – 5 weeks up into the downtrend resistance. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up from the 43.47 breakout. Trade pressures are up. Volumes are bullish.

At the 46.46 target. The next target up is 52.77.

A close below 44.60 would signal lower.

Raise the stops to the 44.60 level.

[12-10-20: Raise stops to 47.50] [and now Flat.]

 

NAT GAS_ NGH21

Weekly – Breaks down into a new downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. The expected move up did not materialize. Trade pressures are down. Volumes closed bullish.

The next target down is the 2.47 level.

A close above 2.71 would signal higher.

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CRUDE_ CLM21 (June 2021 Contract)

Weekly  – A rally inside the weekly downtrend. Trade pressures are up. Volumes are bullish.

Daily  – Long. In the moove up from the 43.47 breakout. Trade pressures are up but reversing. Volumes are now neutral.

The next target up is 46.47.

A close below 42.06 would reverse the move up.

Stops at 41.55.

[12-01-20: Raise stops to BE, 43.47.]

 

NAT GAS_ NGF21

Weekly – Continues to base. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the new move up with a close above the 2.91 long entry. Trade pressures are down ionto the neutral zone. Volumes are now neutral.

Enter the long trade only with a break back above the 2.91 long entry. Also a weekly trade pressure bullish reversal would be confirming.

A close below 2.64 is the prior low, and the stop, and would signal lower.

 

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CRUDE_ CLM21

Weekly – Riding the 40 resistance since May. Trade pressures are up. Volumes are bullish.

Daily  – Long. New uptrend starts here at 42.47. Trade pressures are up. Volumes are bullish.

New long at 42.47. the next target up is 52.00

A close below 39.76 would signal lower and act as the stop.

 

NAT GAS_ NGM21

Weekly – Testing the uptrend support line at 2.69. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 3.27 short entry level. Trade pressures are down and trending. Volumes are bearish.

The next target down is 2.47.

A close above 2.91 would signal higher.