#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21 (June Contract)

Weekly – Moving up to test the downtrend resistance line at 49.85. Trade pressures are up. Volumes are bullish.

Daily  -Flat. Stopped out of the November long trade at 47.50. Trade pressures are up. Volumes are bullish.

The next target up is 52.77. Need a daily bullish reversal to re-enter the long trade.

A close below 45.64 would signal lower.

 

NAT GAS_ NGH21

Weekly – In the downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move down from the November 3.27 short entry. Trade pressures are now up. Volumes are neutral.

The next target down is 1.835.

A close above 2.63 would signal higher. (Need a bullish reversal in the weekly to confirm.)

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CRUDE_ CLM21 (June 2021 Contract)

Weekly – 5 weeks up into the downtrend resistance. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up from the 43.47 breakout. Trade pressures are up. Volumes are bullish.

At the 46.46 target. The next target up is 52.77.

A close below 44.60 would signal lower.

Raise the stops to the 44.60 level.

[12-10-20: Raise stops to 47.50] [and now Flat.]

 

NAT GAS_ NGH21

Weekly – Breaks down into a new downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. The expected move up did not materialize. Trade pressures are down. Volumes closed bullish.

The next target down is the 2.47 level.

A close above 2.71 would signal higher.

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CRUDE_ CLM21 (June 2021 Contract)

Weekly  – A rally inside the weekly downtrend. Trade pressures are up. Volumes are bullish.

Daily  – Long. In the moove up from the 43.47 breakout. Trade pressures are up but reversing. Volumes are now neutral.

The next target up is 46.47.

A close below 42.06 would reverse the move up.

Stops at 41.55.

[12-01-20: Raise stops to BE, 43.47.]

 

NAT GAS_ NGF21

Weekly – Continues to base. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the new move up with a close above the 2.91 long entry. Trade pressures are down ionto the neutral zone. Volumes are now neutral.

Enter the long trade only with a break back above the 2.91 long entry. Also a weekly trade pressure bullish reversal would be confirming.

A close below 2.64 is the prior low, and the stop, and would signal lower.

 

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CRUDE_ CLM21

Weekly – Riding the 40 resistance since May. Trade pressures are up. Volumes are bullish.

Daily  – Long. New uptrend starts here at 42.47. Trade pressures are up. Volumes are bullish.

New long at 42.47. the next target up is 52.00

A close below 39.76 would signal lower and act as the stop.

 

NAT GAS_ NGM21

Weekly – Testing the uptrend support line at 2.69. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 3.27 short entry level. Trade pressures are down and trending. Volumes are bearish.

The next target down is 2.47.

A close above 2.91 would signal higher.

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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.

 

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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.]