Category: Energy

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – In the Jan 2021 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 71.00 new long entry. Trade pressures are up but declining. Volumes are bullish.

The next target up is the prior high at 78.26. [Correction: 76.26]

A close below 73.57 would signal lower.

 

NAT GAS_ NGZ21

Weekly – Big sell volumes at the spike high. Trade pressures are up. Volumes are now bearish.

Daily – Flat. In a retracement down off the 6.46. spike high. Trade pressures are up but pointing down. Volumes are bearish.

The next target down is prior upside target at 5.49.

The next target up is the 6.43 prior high.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – In the August 2021 uptrend. Trade pressures are up. Volumes are bullish.

Daily  – Flat. Stopped out of the new long entry at 69.83. Trade pressures are up. Volumes are bullish.

The next target up is 78.56.

A close below 71.17 would signal anew move lower.

 

NAT GAS_  NGZ21

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

Daily – Long. In the move up from the 5.34 new long entry. Trade pressures are up. Volumes are bullish.

The next target up is 5.80.

A close below 5.08 would signal lower. Use this level as the initial stop.

[09-26-21: Sun open. Long at 5.37]

[09-27-21: Raise stops to the breakeven, 5.37.] [09-27-21: Sold PM at 5.80]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

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

Daily – Long. In the move up from the break out at 70.12. Trade pressures are up but rolling over. Volumes are bullish.

The next target up is 72.75.

A close below 69.70 would signal lower. Use 69.70 as the stop.

[9-20-21: stopped out at 69.70.]

 

NAT GAS_NGZ21

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

Daily – Long. Still in the move up from the  8/26 4.29 entry. Trade pressure are up. Volumes are neutral.

Reached the high of 5.79. The next target up is 5.63

Now in a retracement. The next target down is 5.09.
Set the stop at 4.89.

[09-21-21: stopped out at 4.89.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – In the December 2020 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move up from the 64.50 long entry. Trade pressures are up into the neutral zone. Volumes are now bullish.

The 70.93 resistance break will signal a new move up.

A close below 67.55 would signal lower. The moving average at 61.74 would be a likely target.

 

NAT GAS_ NGZ21

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

Daily – Long; in the move up from the  8/26 4.29 entry. Trade pressure are up. Volumes are bullish.

The next target up is 5.48.

A close below 4.96 would be the stop.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – In the Dec 2020 uptrend. Trade pressures are up into the neutral zone. volumes are bearish.

Daily  -Flat. Retracing the July move down. Trade pressures are up. Volumes are bullish.

The next target up is 69.83 which would start a new uptrend.

A close below 66.24 would signal lower.

 

NAT GAS_ NGZ21

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

Daily – Flat. In the April rally from 3.00. Trade pressures are up. Volumes are bullish.

In the second leg up from the 4.29 new long entry. The next target up is 4.88.

A close below 4.64 would signal retracement.

Oil & Gas

rudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – In the August 2020 uptrend. Trade pressures are down but rising. Volumes are bullish.

Daily – Flat. The break above 64.10 started the retracement up. Trade pressures are up. Volumes are bullish.

The next target up is 69.83.

A close below 66.42 would signal lower. Use that as a stop.

 

NAT GAS_ NGZ21

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

Daily –  Flat. In the move up from the break above the 4.12 long entry trigger. Trade pressures are up. Volumes are bullish.

The next target up is 4.66.

A close below 4.22 would signal lower.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – Now testing the 59.24 support of the Jan 2021 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 70.50 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 56.59.

A close above 64.10 would signal a retracement up of this down-move.

 

NAT GAS_ NGU21

Weekly – In the June 2021 uptrend. Trade pressures are up but rolling over. Volumes are neutral.

Daily – Flat. In the move down from the 4.26 short entry. Trade pressures are rising to the neutral zone. Volumes are bearish.

The 3.92 target was met and a small rally ensued. The next target down remains the 3.92 level.

A close above 4.12 would signal higher.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – In the Jan 2021 uptrend. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the move down from the 70.50 short entry. Trade pressures are up but pointing down. Volumes are neutral.

The next target down is a retest of 64.17.

A close above 68.63 would signal higher.

 

NAT GAS_ NGZ21

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

Daily – Flat. The uptrend line has been broken. Trade pressures are down. Volumes are bearish.

The next target down is 3.92.

A close above 4.21 would signal higher.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU21

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

Daily – Flat. In the move up from the 69.98 long entry. Trade pressures are are down and trending. Volumes are bearish.

The next target up is 74.97.

A close below 67.61 would signal lower.

 

NAT GAS_ NGU21

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

Daily – Flat. In the move up from the 2.87 in the April uptrend. Trade pressures are up. Volumes are now neutral.

The next target up is 4.31.

A close below 4.08 would signal lower.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU21

Weekly – In the December uptrend. Trade pressures are up but turning over. Volumes remain bullish.

Daily  – Short. In the new move down from the new short entry at 73.69 on 7/14. Trade pressures are down. Volumes are bearish.

The next target down is 69.03.
[07-20-21: Take profits at the 65.95 target.]

A close above 73.34 would signal higher and stop the short trade out.

 

NAT GAS_ NGQ21

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

Daily – Short. In the move down from the 3.62 short entry on 7/7. Trade pressures are down. Volumes are bearish.

The next target down is 3.40.

A close back above the 3.68 resistance would signal higher and stop the short trade. Since the weekly is still bullish, keep tight stops, adjusting regularly.
[07-16-21: stopped out at a loss.]