Category: Energy

Oil & Gas

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CRUDE_ CLZ20

Weekly – Vaccine hopes spur speculation. Trade pressures are up. Volumes are bullish.

Daily – Flat. In a retracement up after the 35.86 short entry was signaled. Trade pressures are down. Volumes are neutral.

The next target down is a retest of the short entry at 35.86.

A close above 42.17 would signal higher.

 

NAT GAS_ NGZ20

Weekly – Remains in the up trend. Trade pressures are down. Volumes are  neutral.

Daily – Flat. In a retracement move up, but weekly pressure is still down. Trade pressures are up. Volumes are neutral.

The next target up is 3.22.

A close below 2.87 would signal lower.

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CRUDE_ CLZ20

Weekly- A weekly bullish bar. Trade pressures are down. Volumes are bullish.

Daily – Short. The new short entry at 35.05 (now 35.86 in the new contract) was high risk with the oversold condition. Trade pressures are now down once again. Volumes are neutral.

The next target down is the 35.86 short entry. May enter the short here 37.49.

A close above 39.49 would signal higher.

Set the stop at the the 25×5 MA at 39.49.

[11-09-20: stopped out.]

 

NAT GASD_ NGZ20

Weekly – Pullback in the uprend. Trade pressures are down into the neutral zone. Volumes are now neutral.

Daily- Flat. The close below the 3.17 started a new move down. Trade pressures are down. Volumes are bearish.

The next target down is the 2.87 target only a few ticks away, then 2.75.

Could have a retracement up to the 200 day MA at 3.09. A close above that 200 MA would signal higher.

 

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CRUDE_ CLZ20

Weekly – dropped out of the the neutral zone. Trade pressures are down. Volumes are bearish.

Daily – Short. In the move down from the 35.05 short entry. Trade pressures are down.. Volumes are bearish.

The next target down is 27.96.

A close above the 25×5 MA at 39.80 would signal a new move up.

 

NAT GAS_   NGZ20

Weekly – The uptrend support at 2.60 has held. Trade pressures are up. Volumes are bullish.

Daily – Flat. two ticks shy of the 3.41 target and closed slightly lower. Trade pressures are up.

The next target up is 3.41.

A close below 3.17 would signal a restart of the move down.

 

Oil & Gas

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CRUDE_ CLZ20

Weekly – Remains in the 35-42 channel. Trade pressures are up into the neutral zone. Volume are bearish.

Daily – Flat. Sideways. Trade pressures are down. Volumes are bearish.

The next target down is the 35.05 short entry.

The next target up is the 25.22 new long entry.

 

NAT GAS_ NGZ20

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

Daily – Flat. Very technical. Trade pressures are up but reversing. Volumes are bullish.

The next target up is 3.41.

A close below 3.10 would signal lower.

 

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CRUDE_ CLZ20

Weekly – Tracking sideways down the 42 line. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Flat. Testing the downtrend resistance line and the 200 day MA. Trade pressures are up. Volumes are bullish.

The next target down is 35.86.

A close above the 200 day MA at 41.12 would signal higher.

 

NAT GAS_ NGX20

Weekly – Remains in the up trend but testing support. Trade pressures are up into the neutral zone.

Daily – Flat. In the move up from the 2.62 level. Trade pressures are up into the neutral zone. Volumes are bullish.

Rallied off the the entry price to the 2.90 then back-tested the entry price; and now in a new leg up. The next target up is the 2.90 resistance level once again.

A close below 2.40 would signal lower.

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CRUDE_ CLX20

Weekly – Trading in the 35 and 45 dollar channel. Trade pressures are down but basing. Volumes are bullish.

Daily – Flat. At the downtrend resistance line. Trade pressures are up. Volumes are bullish.

The next target down is 35.05.

A close above 42.13 would signal a new move up.

 

NAT GAS_ NGX20

Weekly – Testing the support of the uptrend. Trade pressures are down but rising. Volumes are bullish.

Daily – Long. In a retracement move up inside the September downtrend from the 2.62 entry. Trade pressures are up. Volumes are bullish.

The next target up is 2.90.

The next target down is 2.27.

Resistance at the 2.90 levels. Set the stops at the 2.37 prior low.

[10-13-20: Raise stop to 2.65 the breakeven.]

[10-14-20: stopped out at breakeven.]

 

 

Oil & Gas

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CRUDE_ CLX20

Weekly – Still in the ;log term downtrend. Trade pressures are down. V\olumes are bearish.

Daily – Flat. In the downtrend but up at the resistance levels. Trade pressures are up. Volumes are bullish.

The next target down is 35.05.

A close above the 25×5 MA at 40.50 would signal higher.

 

NAT GAS_ NGX20

Weekly – In the uptrend and now backtesting the support at 2.36. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the move down from the 2.95 short entry. Trade pressures are up. Volumes are bullish.

The next target down is 2.48.

A close above the 200 day MA at 2.948 would signal higher. Look for a pullback before an entry.

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CRUDE_ CLX20

Weekly – In consolidation between 30- 40. Trade pressures are down. Volumes are neutral.

Daily – Flat. Remains in the move up. Trade pressures are up. Volumes are bullish.

The next target up is is the 200 day MA at 44.21.

A close below 35.05 would signal lower.

 

NAT GAS_ NGV20

Weekly – Has tested the uptrend support. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 2.28 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 1.82.

A close above 2.45 would signal higher.

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CRUDE_  CLV20

Weekly – A break to the down side. Trade pressures are down. Volumes are bearish.

Daily – Flat. Down all week. Trade pressures are down and trending. Volumes are neutral.

The next target down is 35.05.

The close above 37.29 signals a retracement up with a like test of resistance at 41.00.

 

NAT GAS_ NGV20

Weekly – In a pullback inside the weekly move up. Trade pressures aer up but declining. Volumes are neutral.

Daily – In a new move down. Trade pressures are down. Volumes are bearish.

The next target down is 1.82.

A close above 2.47 is required to restart the move up.

Oil & Gas

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CRUDE_ CLV20

Weekly – Still tracking sideways. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. Now in a new downtrend. Trade pressures are down. Volumes are bearish.

The next target down is 38.88.

A close above the 25×5 MA at 42.41 would signal higher.

 

NAT GAS_ NGV20

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

Daily – Flat. In the move up from 2.35. Trade pressures are up. Volumes are bullish.

The next target up is the prior high of 2.74.

A close below 2.28 would signal lower.