#crudeoilfutures #naturalgasfutures

CRUDE_ CLU24

Weekly – In the March 2024 uptrend and above support. Trade pressures are down. Volumes are bearish.

Daily – Flat. Continuing the move down from 77.49.  Trade pressures have returned to down.  Volumes are remain bearish.

The next target down is 68.95. The expected oversold level declines to 74.52.

A close back above 79.43 would signal higher. The expected overbought levels are at 79.48.

[8-8-24: Off the 71.67 lows. Close the short at 74.78. Long at 74.78.]

 

NAT GAS_ NGQ24

Weekly – In in a new August 2024 downtrend.  Trade pressures remain  down.  Volumes remain bearish.

Daily – Flat.  Still Relentless Decline. Trade pressures remain down.  Volumes remain bearish.

The next target down is 1.87. The expected oversold level declines to 1.91.

A close above 2.01 would signal higher.  The expected overbought level declines to 2.26.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU24

Weekly – In the March 2024 uptrend and above support. Trade pressures are up but declining. Volumes remain neutral.

Daily – Short. in the new move down from 79.57 on 7/19.  Trade pressures have returned to down.  Volumes are now bearish.

The next target down is 76.03. The expected oversold level rises to 80.56.

A close back above 81.12 would signal higher. The expected overbought levels are now higher at 83.48.

[7-31-24: close short at76.95.]

 

NAT GAS_ NGQ24

Weekly – In the April 2024 uptrend.  Trade pressures remain  down.  Volumes remain bearish.

Daily – Flat.  Relentless decline. Trade pressures are down.  Volumes remain bearish.

The next target down is 2.00. The expected oversold level declines to 1.94.

A close above 2.27 would signal higher.  The expected overbought level declines to 2.44.

#usdollarfutures #ustreasurybondfutures

USD_ DXU24

Weekly –  Remains in the April 2024 uptrend.  Trade pressures are down. Volumes are bearish.

Daily – Short. Closed below the 105.07 support .  Trade pressures are down.  Volumes are bearish.

The next target down is 103.60.  The expected oversold levels decline to 104.10.

A close above 104.09 would signal higher. The higher expected overbought level is 105.53.

 

US30YR T-BOND_ USU24

Weekly – In the April 2024 downtrend.  Trade pressures are down into the neutral zone.  Volumes are now bullish.

Daily  – Long. Closed above the March UML at 118-27 on 7/11.  Trade pressures are up. Volumes are bullish.

The close above the 200 day MA at 117-19 started a new move up. Overbought levels are 120-28.

A close below 119-09 would signal lower. Oversold levels are 116-11.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU24

Weekly – In the March 2024 uptrend and above support. Trade pressures are up. Volumes are now neutral.

Daily – Flat. The move up stopped at 83.56 which was a lower high.   Trade pressures have returned to – up.  Volumes are now neutral.

Very near a close below 80.54 which would signal lower. The expected oversold level rises to 80.74 (support).

A close back above 81.89 would signal higher. The expected overbought levels are now higher at 84.33.

 

NAT GAS_ NGQ24

Weekly – In the April 2024 uptrend.  Trade pressures remain  down.  Volumes are bearish.

Daily – Flat.  time moves price across the 6/25 downtrend line. Trade pressures are down.  Volumes remain bearish.

The next target down is 2.21. The expected oversold level declines to 2.17.

A close above 2.39 would signal higher.  The expected overbought level declines to 2.58.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU24

Weekly – In the March 2024 uptrend and at support. Trade pressures are up. Volumes are bullish.

Daily – Flat. Still in the move up from the 78.78 long entry on 6/17.   Trade pressures are up.  Volumes are bullish.

The next target up is 85.96. The expected overbought levels are now higher at 84.32.

Very near to a close below 83.49 which would signal lower. The expected oversold level rises to 80.14.

 

NAT GAS_ NGQ24

Weekly – In the April 2024 uptrend.  Trade pressures remain  down.  Volumes are bearish.

Daily – Flat.  Breaks further down below the downward channel. Trade pressures are down.  Volumes remain bearish.

The next target down is 2.21. The expected oversold level rises to 2.35.

A close above 2.47 would signal higher.  The expected overbought level declines to 2.90.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU24

Weekly – In the March 2024 uptrend and at support. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up from the 78.78 long entry on 6/17.   Trade pressures are up.  Volumes are bullish.

The next target up is 82.40. The expected overbought levels are now higher at 82.99.

A close below 79.96 would signal lower. The expected oversold level rises to 78.28.

[6-30-24: Profit taken Sunday Nite session. at 81.59]

 

NAT GAS_ NGQ24

Weekly – In the April 2024 uptrend.  Trade pressures are now down.  Volumes are bearish.

Daily – Flat.  In the downward channel. Trade pressures are down.  Volumes remain bearish.

The next target down remains at 2.42. The expected oversold level rises to 2.63.

A close above 2.84 would signal higher.  The expected overbought level declines to 3.01.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLQ24

Weekly – In the March 2024 uptrend and at support. Trade pressures are down. Volumes have turned neutral.

Daily – Long. In the move up from the 78.78 long entry on 6/17.   Trade pressures are up.  Volumes are bullish.

The next target up is 82.30. The expected overbought levels are now higher at 81.99.

[Set the SL at 79.75.]

A close below 78.28 would signal lower. The expected oversold level rises to 75.71.

[6-28-24: Raise the SL to 80.21]

 

NAT GAS_ NGQ24

Weekly – In the April 2024 uptrend.  Trade pressures are up.  Volumes are neutral.

Daily – Flat.  The move up failed at the 200 day MA. Trade pressures are down.  Volumes are now bearish.

The next target down is 2.42. The expected oversold level rises to 2.63.

A close above 2.89 would signal higher.  The expected overbought level declines to 3.16.

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLQ24

Weekly – In the March 2024 uptrend and at support. Trade pressures are down. Volumes have turned neutral.

Daily – Flat. In a rally back above the 200 day MA at 77.87.   Trade pressures are up.  Volumes are bullish.

At the April 2024 downward trendline resistance. The next target down is 75.58. The expected oversold level roses to 73.15.

The close above 78.78 signals higher. The expected overbought levels are now lower at 79.98.

 

NAT GAS_ NGN24

Weekly – In a new May 2024 uptrend.  Trade pressures remain up.  Volumes are now bearish.

Daily – Flat.  The move up failed at the 200 day MA. Trade pressures are down.  Volumes are now neutral.

The next target down is 2.83. The expected oversold level rises to 2.59.

A close above 3.02 would signal higher.  The expected overbought level rises to 3.20.

[counter trend short , tight stops.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLN24

Weekly – In the March 2024 uptrend and at resistance. Trade pressures are down. Volumes have turned bullish.

Daily – Flat. In the move down after breaking the 200 day MA at 78.14.   Trade pressures are up.  Volumes are bearish.

The next target down is 74.21. The expected oversold level declines to 72.45.

The close above 76.90 signals higher. The expected overbought levels are now lower at 80.21.

[6/11/24: closed above the 76.90, look for a retest and then buy after the CPI report.]

 

NAT GAS_ NGN24

Weekly – In a new May 2024 uptrend.  Trade pressures are up.  Volumes are now bullish.

Daily – Flat.  In the move up from the 2.76 level. Trade pressures are up.  Volumes are now bullish.

The next target up is 3.04.The expected overbought level remains 3.05.

A close below 2.68 would signal lower.  The expected oversold level rises to 2.42.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM24

Weekly – In the March 2024 uptrend . Trade pressures are down. Volumes remain bearish.

Daily – Flat. Tests Below the 200 day MA and testing the December trendline.  Need a close above 78.36 to break out of the Bull Flag. Trade pressures are down.  Volumes are back to bullish.

The next target down is 73.57. The expected oversold level rises to 76.85.

The close above 77.78 signals higher. The expected overbought levels are now higher at 80.56.

Rising over bought and oversold levels alert and reinforce the buy signal. As always, use stops.

 

NAT GAS_ NGN24

Weekly – In a new May 2024 uptrend.  Trade pressures are up.  Volumes are now neutral.

Daily – Flat.  In the move down from the 2.75 level. Trade pressures are down.  Volumes remain bearish.

Near the support levels at 2.53 and 2.38. The expected oversold level rises to 2.40.

A close above 2.60 would signal higher.  The expected overbought level declines to 3.05.