#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ23

Weekly – In the August 2023 uptrend still testing support. Trade pressures are down. Volumes remain bearish.

Daily – Flat.  In the move down from 85.39 on 10/23 and now have found support at the April 2023 median line.  Trade pressures are down.  Volumes remain bearish.

The next target down is 65.79. The expected oversold levels are now 73.17.

Crude is basing around the 200 day MA but the bias seems lower.

A close above 79.28 would confirm any signal higher. The expected overbought levels are 79.45.

 

NAT GAS_ NGZ23

Weekly – In the December 2022 downtrend; holding at long term resistance. Trade pressures are still down. Volumes remain bearish.

Daily – Flat. Changed trend to bearish.  Trade pressures are down once again. Volumes are now bearish.

The next target down is 2.83. The expected oversold level is 2.84.

A close above 3.04 would signal higher. The expected overbot level is 3.27.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ23

Weekly – In a new August 2023 uptrend but testing support. Trade pressures are down. Volumes remain bearish.

Daily – Flat.  In the move down from 85.39 on10/23 and now have found support at the April 2023 median line.  Trade pressures are down.  Volumes remain bearish.

The next target down is 65.79. The expected oversold levels are now 74.09.

Crude is basing below the 200 day MA.

A close above 79.28 would confirm any signal higher. The expected overbought levels are 84.39.

 

NAT GAS_ NGZ23

Weekly – In the December 2022 downtrend; holding at long term resistance. Trade pressures are still down. Volumes are now bearish.

Daily – Flat. Changed trend to bearish.  Trade pressures are down once again. Volumes are now bearish.

The next target down is 2.89. The expected oversold level is 2.91.

A close above3.08 would signal higher. The expected overbot level is 3.50.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ23

Weekly – In a new August 2023 uptrend but testing support. Trade pressures are down. Volumes remain bearish.

Daily – Flat.  In the move down from 85.39 on10/23.  Trade pressures are down.  Volumes remain bearish.

The next target down is 73.18. The expected oversold levels are now 74.35.

Crude is basing around the 200 day MA.

A close above 81.82 would confirm any signal higher. The expected overbought levels are 82.66.

 

NAT GAS_ NGZ23

Weekly – In the December 2022 downtrend; holding at long term resistance. Trade pressures are still down. Volumes are now bullish.

Daily – Flat. Back into an uptrend on 11/3 from 3.52.  Trade pressures are down but rising. Volumes are now neutral.

A close above 3.08. The expected overbought level is 3.45.

A close below 2.98 would signal lower. The expected oversold level is 2.90.

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ23

Weekly – In a new August 2023 uptrend. Trade pressures are down. Volumes are now bearish.

Daily – Flat.  Missed the short entry at the break down of the up move at 85.39 on 10/23.  Trade pressures are down.  Volumes are bearish.

The next target down is 75.39. The expected oversold levels are now 80.04 and the 200 day MA support is at 76.26.

A close above 84.67 would signal higher. The expected overbought levels are 86.99.

 

 

NAT GAS_ NGZ23

Weekly – In the December 2022 downtrend; holding at long term resistance. Trade pressures are still down. Volumes remain bullish.

Daily – Flat. Back into an uptrend on 11/3 from 3.52.  Trade pressures are down but rising. Volumes are now neutral.

The next target up is 3.59. The expected overbought level is 3.77.

A close below 3.43 would signal lower. The expected oversold level is 3.12.

[11-5-23: Opened Sun nite session at 3.40.]

[11-8-23: Lower SL to 3.18.]

[11-9-23: Take profits at 3.10.]

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ23

Weekly – In a new August 2023 uptrend. Trade pressures are down into the neutral zone. Volumes remain bullish.

Daily – Flat.  The long entry at 87.19 failed. Trade pressures are up.  Volumes are bearish.

Look for a bullish volumes on the open to enter long above 86. The expected overbought levels are 89.55.

A close below 83.66 would signal lower.  The expected oversold levels are now 82.94. 200 day MA support is at 76.18, so don’t expect to get there.

 

NAT GAS_ NGZ23

Weekly – In the December 2022 downtrend; holding at long term resistance. Trade pressures are now down. Volumes remain bullish.

Daily – Flat. Broke down into a new downtrend at 3.48 on 10/27.  Trade pressures are up. Volumes are now bearish.

The next target down is 3.33. The expected oversold level is 2.90.

A close above 3.62 would signal higher. The expected overbought level is 3.57.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLX23

Weekly – In a new August 2023 uptrend. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Flat.  Did not have a chance to enter the Friday move up. Trade pressures are up.  Volumes are bullish.

The early morning trading Friday closed above 85.25 signaled higher; and at 87.69 is approaching resistance at 88.44. The expected overbought levels are 90.25.

A close below 86.59 would signal lower.  The expected oversold levels are now 82.31. 200 day MA support is at 76.84.

[rollover to Dec contract]

 

NAT GAS_ NGX23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are up. Volumes are remain bullish.

Daily – Flat. Broke down into a new downtrend at 3.37 on 10/11.  Trade pressures are down into the neutral zone. Volumes are now neutral.

The next target down is 3.10. The expected oversold level is 2.90.

A close above 3.31 would signal higher. The expected overbought level is 3.62.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLX23

Weekly – In a new August 2023 uptrend. Trade pressures are up but declining. Volumes are bearish.

Daily – Flat. The drop thru 90.05 on 10/02 triggered the short trade. Trade pressures are down.  Volumes  remain bearish.

The next target down is 75.14.  The oversold levels are now 82.03. Support is at 76.66.

A close above 83.53 would signal higher but likely to find resistance at 88.00. The expected overbought levels are 95.53.

 

NAT GAS_ NGX23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are up. Volumes are now bullish.

Daily – Flat. big breakout at the 2.90 level on 10/03.  Trade pressures are up. Volumes are bullish.

The next target up is 3.52. The expected overbought level is 3.24.

A close below 3.14 would signal lower. The expected oversold level is 2.80.

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV23

Weekly – In a new August 2023 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the second leg up from the 81.85 long entry on 8/31. Trade pressures are up and trending.  Volumes  are now bearish.

The next target up is 95.53.  The overbought levels are now 91.68. Support is at 84.71.

A close below 87.45 would signal lower. The expected oversold levels are 87.05.

 

NAT GAS_ NGV23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are up. Volumes are are neutral.

Daily – Flat. Rallied to 3.10, now moving down and moving up the lower median line support.  Trade pressures are down. Volumes are bearish.

The next target down is 2.74. The expected oversold level is 2.51.

A close above  2.90 would signal higher. The expected overbought level is 2.90.

[The average daily range is moderating. Still too much volatility; stops won’t work.  Stay Away.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV23

Weekly – In a new August 2023 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the second leg up from the 81.85 long entry on 8/31. Trade pressures are up and trending.  Volumes  remain bullish.

The next target up is 95.53.  The overbought levels are now 91.21. Support is at 83.15.

A close below 83.15 would signal lower. The expected oversold levels are 85.02.

 

NAT GAS_ NGV23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are up into the neutral zone. Volumes are remain bearish.

Daily – Flat. Rallied to 2.82, now moving down again to the lower median line support.  Trade pressures are down. Volumes remain neutral.

The next target up is 2.78. The expected overbought level is 2.90.

A close below 2.63 would signal lower. The expected oversold level is 2.49.

[The average daily range is moderating. Still too much volatility; stops won’t work.  Stay Away.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV23

Weekly – In a new August 2023 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the second leg up from the 81.85 long entry on 8/31. Trade pressures are up and trending.  Volumes  remain bullish.

The next target up is 88.69.  The overbought levels are now 89.57. Support is at 79.99.

A close below 79.99 would signal lower. The expected oversold levels are 81.80.

 

NAT GAS_ NGV23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are up into the neutral zone. Volumes are now bearish.

Daily – Flat. The new uptrend off the 2.50 triggered a new long at 2.58 on 9/7.  Trade pressures are up into the neutral zone. Volumes re neutral.

The next target up is 2.66. The expected overbought level is 2.86.

A close below 2.55 would signal lower. The expected oversold level is 2.42.

[The average daily range is moderating. Still too much volatility; stops won’t work.  Stay Away.]