#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.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM24

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

Daily – Flat. Tests the lower range of the consolidation area and returns to the 200 day MA.  Need a close above 78.32 to break out of the Bull Flag. Trade pressures are down.  Volumes are back to bullish.

The next target down is 74.89. The expected oversold level is lower to 76.25.

The close above 77.46 signals higher. The expected overbought levels are now lower to 80.24.

[5-27-24: Long from 78.10.]   [5-28-24: SL at 78.50.]
[5-29-24: Raise SL to 28.64]

[5-30-24: stopped out in the AM for a small gain.]

 

NAT GAS_ NGN24

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

Daily – Flat.  The new uptrend takes price to the 3.16 high midweek, then turns down. Trade pressures are up but declining.  Volumes are now bearish.

A close below 2.75 would signal lower.   The expected oversold level rises to 2.30.

A close above 2.94 would signal higher.  The expected overbought level rises to 3.11.

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM24

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

Daily – Flat. Still consolidating at the 200 day MA and the 100% fib move down.  Trade pressures are up.  Volumes are now bullish.

The next target down is 74.06. The expected oversold level is higher to 78.07.

A close above 79.87 would signal higher. The expected overbought levels are now lower to 80.52.

[Look for the break out, but expect it to be limited.]

 

NAT GAS_ NGM24

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

Daily – Flat.  In the new uptrend, moving higher on Friday. Trade pressures are up.  Volumes remain bullish.

At the 2.22 target and extended well above the overbought levels.  The next target up is the 200 day MA at 2.88. The expected overbought level rises to 2.54.

A close below 2.60 would signal lower.   The expected oversold level rises to 2.09.

 

CRUDE_ CLM24

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

Daily – Flat. Consolidating at the 200 day MA.  Trade pressures are up into the neutral zone.  Volumes remain bearish.

The next target down is 74.06. The expected oversold level is lower to 78.02.

A close above 79.64 would signal higher. The expected overbought levels are also lower to 85.57.

 

NAT GAS_ NGM24

Weekly – In the February 2024 downtrend.  Trade pressures remain down.  Volumes remain bearish.

Daily – Long.  The break above 1.97 on 5/2 sent the market higher, now in a pull back. Trade pressures are up.  Volumes remain bullish.

At the 2.22 target.  The expected overbought level rises to 2.35.

A close below 2.23 would signal lower.   The expected oversold level rises to 1.96.

[5-10-24: Raise SL to 2.22.]

[5-12-24: Stopped out for a gain in the Sunday nite session.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM24

Weekly – In the March uptrend from 3/29/24. Trade pressures are down. Volumes are now bearish.

Daily – Flat. Now lower, having moved down below the short entry at 84.51 on 4/17 and further below the 200 day MA.  Trade pressures are down.  Volumes are bearish.

The next target down is 74.01. The expected oversold level is lower to 78.41.

A close above 80.51 would signal higher. The expected overbought levels are lower to 85.67.

 

NAT GAS_ NGM24

Weekly – In the February 2024 downtrend.  Trade pressures remain down.  Volumes remain bearish.

Daily – Long.   The break above 1.97 on 5/2 send the market higher. Trade pressures are now up.  Volumes are bullish.

The next target up is 2.22.  The expected overbought level rises to 2.01.

A close below 2.11 would signal lower.   The expected oversold level rises to 1.75.

[5/6/24: Set SL at 2.11.]

[5-7-24: Raise SL to 2.14.]

5-10-24: Raise SL to 2.22.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM24

Weekly – In the March uptrend from. Trade pressures are up, but declining. Volumes are now neutral.

Daily – Flat. In consolidation; moved down below the short entry at 84.51 on 4/17 and further to the 80.00 support.  Trade pressures up.  Volumes are now bullish.

The next target down is 80.57. The expected oversold level is 80.90.

A close above 85.51 would signal higher. The expected overbought levels are 85.99.

 

NAT GAS_ NGM24

Weekly – In the February 2024 downtrend.  Trade pressures remain down.  Volumes remain bearish.

Daily – Flat. New contract short entry was 2.09.  Trade pressures are down.  Volumes remain bearish.

The next target down is the 1.64 downside ML.  The expected oversold level declines to 1.54.

A close above 1.94 would signal higher.   The expected overbought level rises to 2.02.