#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

Weekly – In the December move up. Trade pressures are up. Volumes are bearish for the first time in two months.

Daily – Short. In the retracement move down from the 58.81 short entry. Trade pressures are up but reversing. Volumes are bearish.

The next target down is 55.38.

A close above 59.60 would signal higher.

[2-26-21: Short entry is 61.19. with a stop at 62.01]

 

NATGAS_ NGH21

Weekly – Rallied to test the resistance at 3.25. Trade pressures are up. Volumes are bearish..

Daily – Flat. Consolidating above the 200 day MA at 2.915. Trade pressures are up but turning down to the neutral zone. Volumes are neutral.

The next target down is 2.86, the new short entry.

A close above 3.15 would restart the move up.

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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 53 breakout in early Feb. Trade pressures are up but reversing. Volumes are bullish.

The next target  up is 62.96.

A close below 56.71 would signal lower.

 

NAT GAS_ NGH21

Weekly – Wintery blast covers the US. Trade pressures are up. Volumes are bullish.

Daily – Flat. In consolidation after reaching the 3.06 upside target. Trade pressures are in the neutral zone. Volumes are bullish, but mixed over the week.

The next target up is 3.45.

A close below 2.68 would signal lower.

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CRUDE_ CLM21

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

Daily – Flat. In the Nov uptrend. Trade pressures are up. Volumes are bullish. The third leg up broke out at 52.71.

The next target up is 57.84.

A close below 54.18 would signal lower.

 

NAT GAS_ NGH21

Weekly – In the Dec downtrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. Out of the breakout trade at a breakeven. Trade pressures are up. volumes are bearish.

The next target up is 3.00 at the 200 day MA.

A close below 2.68 would signal lower.

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CRUDE_ CLM21

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

Daily – Flat. Moving side ways. Trade pressures are down. Volumes are bearish.

The next target  up is 53.44 the prior high.

A close below 54.11 would signal a new short entry.

[2-1-21: The post market close above 53.38 restarts the uptrend.]

 

NAT GAS_ NGH21

Weekly – Basing. Trade pressures are neutral. Volumes are bearish.

Daily – Flat. In the move down and now at the 2.45 downside target. Trade pressures are dwon. Volumes are bullish.

The next target  down is a retest of the 2.27 lows.

A close above 2.79 would start a new up trend.

[2-1-21: Long at 2.81. Stops at 2.45] [Raise the stops to 2.79]

[2-2-21: raise the stops to breakeven, 2.81.]

[2-3-21; stopped out at the breakeven.]

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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.

#crudeoilfutures #naturalgasfutures

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.

#crudeoilfutures #naturalgasfutures

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.