Category: Energy

Oil & Gas

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CRUDE_ CLU22

Weekly – in the Jan 2022 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. This September contract is lagging the July contract. Trade pressures are up but turning down. Volumes are bullish.

The next target up is 118.90.

A close below 111.88 would signal lower.

 

NAT GAS_ NGN22

Weekly – In the June 2021 uptrend. Trade pressures are up but showing divergence. Volumes are bullish.

Daily – Flat. The reversal of the the move down was immediate and stopped out any shorts.. Trade pressures are down but rising. Volumes are bullish.

The next target up is 9.84.

A close below 8.45 would signal lower.

Oil & Gas

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CRUDE_ CLU22

Weekly – In the Fed 2022 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Near the end of the move up from the March 21 long entry at 97.66. Trade pressures are up and trending. volumes are bullish.

The next target up is 115.75.

A close below 113.04 would signal lower and should be used as a SL.

 

NAT GAS_ NGN22

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

Daily – Short. In the move down from the May 30th short entry at 8.68. Trade pressures are down. Volumes are b earish.

The next target down is 7.51.

A close above 8.61 would signal higher.

Oil & Gas

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CRUDE_ CLU22

Weekly – This new September contract in the January 2022 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Long. In the March 22 long trade from 97.66. Trade pressures are up. Volumes are bullish.

The next target up is 115.75.

A close below107.13 would signal lower. Use this level as the SL.

 

NAT GAS_ NGN22

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

Daily – Flat. In the move up even now, after closing above a test of the 8.66 short entry. Trade pressures are down. Volumes are bearish.

The next target up is 9.85.

Any close below the 8.66 would signal lower. (Putin asking for new talks?) Use the prior high at 9.44 as the SL

Oil & Gas

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CRUDE_ CLM22

Weekly – In Jan 2022 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the sideways channel. Trade pressures are up. Volumes are bullish.

The next target up is the prior high of 116.07.

The nbext target down is 92.87.

 

NAT GAS_ NGM22

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

Daily – Flat. In the move down from the 8.221 short entry on May 6th. Trade pressures are up. Volumes are bearish.

The next target down is 5.87.

A close above 7.73 confirms the retracement move up.

Oil & Gas

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CRUDE_ CLM22

Weekly – In the February 2022 uptrend. Trade pressures are in the neutral zone. Volumes are bullish.

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

The next target down is 97.30.

A close above 111.37 would confirm this move up. The next target up is the 118.07 prior high.

 

NAT GAS_ HGM22

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

Daily – Flat. In the December 2021 move up, but at resistance. Trade pressures are up but turning down.

The next target up is the prior high at 8.99.

The break below the uptrend support at 7.06 now projects down to 5.87.

Oi & Gas

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CRUDE_ CLM22

Weekly – In the Feb 2022 uptrend. Trade pressures are in the neutral zone. Volumes are neutral.

Daily – Flat. In the move down from the 107.92 short entry on March 28th. Trade pressures are up but turning down. Volumes are bullish.

The next target down is 93.79.

A close above 107.48 would signal higher.

 

NAT GAS_ NGN22

Weekly – In the June 2021 uptrend. Consolidating after the spike high. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move down from the 7.41 short entry. Trade pressures are up. Volumes are neutral.

The next target down is 6.26.

The Friday close above the 7.15 level should signal a new move up.

Oil & Gas

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CRUDE_ CLM22

Weekly – In the January 2022 uptrend. Trade pressures are down into the neutral zone. Volumes are neutral.

Daily – Short. In the move down from the 106.24 entry price. Trade pressures are down. Volumes are neutral.

The next target down is 90.37.

A close above 95.66 would signal higher.

[4-12-22: Set the stop at 102.30.]

 

NAT GAS_ NGN22

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

Daily – Flat. In the sharp move up to the 6.60 target. Trade pressures are up and trending. Volumes are bullish.

The next target up is unknown. Price is at the top of the risk range and susceptible to a move down.

A close below 6.65 would signal a retracement.

Oil & Gas

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Weekly – In the February 2022 uptrend. Trade pressures are up but turning down. Volumes are neutral.

Daily – Short. Short from the 105.81 entry price. Trade pressures are down. Volumes are bearish.

The next target down is 94.48.

A close above103.72 would signal higher; use as SL.

 

NAT GAS_ NGN22

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

Daily – Flat. In the retracement down after the March move up to the 5.87 upside target. Trade pressures are up. Volumes are bullish.

The next target up is 6.61

The next target down is the retracement short entry at 5.72.

Oil & Gas

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CRUDE_ CLM22

Weekly – In the February 2022 uptrend. Trade pressures are up but declining. Volumes are now neutral.

Daily – Flat. In the move up off the 103.72 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 118.65.

The 113.00 reversal starts what looks to be a lower high. The next target down is 105.81 which is the new short entry.

 

NAT GAS_ NGN22

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

Daily – Long. In the  move up from the 4.91 long entry, Trade pressures are up and trending. Volumes are bullish.

Profits taken at 5.20 but price continues through the 5.60 target. The next target up is 5.88.

A close below 5.48 would signal a retracement.

Oil & Gas

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CRUDE_ CLM22

Weekly – In the January 2022 uptrend. Trade pressures are up but declining. Volumes are neutral.

Daily – Flat. The 94.84 long entry price sent price to the 161 target in five days; then back down in six days. Missed that one. Trade pressures are up. Volumes are neutral.

Now a close above 103.72 would restart the long trade.  [3/21/22: Long. SL now at the 103.72 entry.]

A close below 94.57 would signal lower.

[3-22-22: Sell 105.65, lower highs.]

 

NAT GAS_ NGN22

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

Daily – Long. stopped the move down from the 5.06 short entry at 4.91. Trade pressures are up. Volumes are bullish.

The Thursday close above 4.91 has stopped the short trade and started a new long entry.

The next target up is 5.25.

A close below the 4.62 pivot would be the SL. [3-21-22: Set the SL at the long entry 4.91.]

[3-22-22: Sell @ 5.20, front month at the upper end of the risk range.]