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CRUDE_ CLM21

Weekly – Consolidating at the 64.28 target. The 2019-2020 trendline is broken to the upside. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. Couldn’t get short with the conflict in the weekly and the daily. Trade pressures are up. Volumes are bearish.

The next target up is 65.76.

A close below 61.00 would signal lower.

 

NAT GAS_ NGM21

Weekly – Testing the December 20202 downtrend resistance. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 2.78 level. Trade pressures are up but declining. Volumes are neutral.

The next target up is 3.06.

A close below 2.77 would signal lower.

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CRUDE_ CLM21

Weekly – Consolidating a the 64.28 upside target. Trade pressures are in the neutral zone. Volumes are neutral.

Daily – Short. Closed below the 61,68 short entry. Trade pressures are rising into the neutral zone. Volumes are neutral.

The daily trade pressures are rising, so look for a reversal in the lower time frame trade pressures for a better short entry. The next target down is 59.00.

A close above the upper median line would signal a reversal. Use that level as the stop. This trade has no weekly support so keep tight stops.

 

NAT GAS NGM21

Weekly – The 2019 downtrend resumed in December of 2020. Trade pressures are up. Volumes are bullish.

Daily – Flat. Below the 200 day MA and in a new uptrend. Trade pressures are up but declining towards thee neutral zone. Volumes are bullish.

The next target up is the 200 day MA at 2.98.

A close below 2.65 would restart the move down.

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CRUDE_ CLM21

Weekly – The long term support line has held. Trade pressures are down into the neutral zone.  Volumes are now neutral.

Daily – Flat. The short entry was stopped out at 61.88 for a loss. Trade pressures are up. Volumes are still bullish.

The next target up is 65.76.

A close below 62.02 would signal lower.

 

NAT GAS_ NGK21

Weekly – Remains in the Dec 20202 downtrend. Trade pressures are rising into the neutral zone. Volumes are now bullish.

Daily – Flat. Has touched the new long entry at 2,67, but no close. Trade pressures are up. Volumes are bullish.

The next target up is the new long entry and then 2,89,

A close below 2.62 would signal lower.

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CRUDE_ CLM21

Weekly – Still in the Dec 2020 uptrend. Trade pressures are down into the neutral zone. Volumes are now bearish.

Daily – Short. Both the weekly and the daily pressures are pointing down. Trade pressures are down but rising. Volumes are bearish.

The short entry is at 59.73. the next target down is 55.62.

A close above the 25×5 MA at 61.88 would signal higher. Use that as a stop.

 

NAT GAS_ NGK21

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

Daily – Flat. The daily has had a move down to the 2.45 downside target and is now consolidating. Trade pressures are rising into the neutral zone. Volumes are bullish.

The next target down is 2.28.

The next target up is the new long entry at 2.67.

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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.

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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.