#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.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV23

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

Daily – Flat. In the longer term move up from 73 on 7/11. Trade pressures are up.  Volumes are remain bullish.

The next target up is 90.59.  The overbought levels are now 85.25. Support is at 76.07.

Got the new buy on a pullback to 77.50. A close above 80.88 signaled higher. The next overbought level is 83.26.

A close below 77.50 would signal lower. The expected oversold levels are 79.18.

 

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 bullish.

Daily – Flat. The uptrend is testing the support at 2.73.  Trade pressures are up. Volumes remain bearish.

The next target up is 2.82. The expected overbought level is 2.94.

A close below 2.71 would signal lower. The expected oversold level is 2.52.

[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. The 79.42 short entry on 8-18 was stopped out for a loss on 8-20. Trade pressures are down, but rising. Volumes are now bullish.

The next target down is 74.45.  The expected oversold levels are now 78.01. Support at 77.50.

Watching for a new buy on a pullback. A close above 80.88 would signal higher. The next overbought level is 83.26.

 

NAT GAS_ NGV23

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

Daily – Flat. The move down from 2.90 has now changed to an uptrend.  Trade pressures are down but rising. Volumes remain bearish.

The next target up is 2.87. The expected overbought level is 2.81.

A close below 2.56 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.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU23

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

Daily – Short. In the new move down from the 79.81 short entry on 8-18. Trade pressures are down, but rising. Volumes are neutral.

The next target down is 74.45.  The expected oversold levels are now 78.41.

A close above 81.04 would signal higher. The next overbought level is 85.18.

 

NAT GAS_ NGU23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are down again. Volumes are back to bearish.

Daily – Flat. In the move down from 2.90.  Trade pressures are down. Volumes are bearish.

The next target down is 2.41. The expected oversold level is 2.49.

A close above 2.64 would signal higher. The expected overbought level is 2.97.

[The average daily range is still higher than the distance to next target.
Still too much volatility; stops won’t work.  Stay Away.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU23

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

Daily – Flat, Out with a PT at 84.88. Trade pressures are up, but showing divergence. Volumes remain bullish.

The next target up is 91.18.  The expected overbought levels are now 84.88.

A close below 79.81 would signal lower. The next oversold level is 79.26 (so no short, more of dip buy?).

 

NAT GAS_ NGU23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are down again. Volumes are back to bearish.

Daily – Flat. ran to 3.00, big move; then a pull back to 2.69.  Trade pressures are now down. Volumes are neutral once again.

The next target up is 2.82. The expected overbought level is also 2.82.

A close below 2.68 would signal lower. The expected oversold level is 2.49.

[The average daily range is still higher than the distance to next target.
Still too much volatility; stops won’t work.  Stay Away.]

CRUDE_ CLU23

Weekly – Remains in the July 2022 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Long, from the trend change at 74.12 on 7/11. Trade pressures are up. Volumes remain bullish.

The next target up is 82.99.  The expected overbought levels are now 82.50. {Take profits here.]

A close below 78.32 would signal lower. The next oversold level is 76.80.

 

NAT GAS_ NGU23

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

Daily – Flat. Another pullback to 2.46, then a new long at 2.43.  Trade pressures are up. Volumes are now neutral.

The next target up is 2.73. The expected overbought level is 2.82.

A close below 2.5 would signal lower. The expected oversold level is 2.48. (A lower low)

The average daily range is still higher than the distance to next target.
Still too much volatility; stops won’t work.  Stay Away.

CRUDE_ CLU23

Weekly – Remains in the July 2022 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Long, trend change at 74.12 on 7/11. The 200 day MA is holding now as support. Trade pressures are up. Volumes remain bullish.

look for a pull back to support to reenter. The  next target up is 82.99.  The expected overbought levels are now 81.48.

A close below 73.97 would signal higher. The next oversold level is 74.88.

 

NAT GAS_ NGU23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are down but rising into the neutral zone. Volumes are now bullish.

Daily – Flat. After the pullback to 2.55, now triggering a long at 2.62 on 7/28.  Trade pressures are down but rising. Volumes are now bullish.

The next target up is 2.73. The expected overbought level is 2.82.

A close below 2.56 would signal lower. The expected oversold level is 2.48.

The average daily range is still higher than the distance to next target.
Still too much volatility, Stay Away.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU23

Weekly – Remains in the July 2022 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Short at 75.79. The 200 day MA is holding as resistance. Trade pressures are up but declining. Volumes are now bullish.

The  next target down is 75.84.  The expected oversold levels are now 71.73.

A close above 77.07 would signal higher. The next overbought level is 77.24.

Set the SL at 77.29.

[7-24-23: Stopped put for a loss.]

 

NAT GAS_ NGU23

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

Daily – Flat. In the move down from the 2.72 short entry.  Trade pressures are up. Volumes are now bullish.

The next target down is 2.62. The expected oversold level is 2.45.

A close above 2.76 would signal higher. The expected overbought level is 2.79.

The average daily range is higher then the distance to next target.
Still too much volatility, Stay Away.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU23

Weekly – Remains in the July 2022 downtrend. Trade pressures are now up. Volumes are now bullish.

Daily – Short at 75.79. Breaks above the 200 day MA. Trade pressures are up. Volumes are now bearish with profit taking.

The  next target down is 73.80.  The expected oversold levels are now 68.24.

A close above 76.16 would signal higher. The next overbought level is 77.24.

 

NAT GAS_ NGQ23

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

Daily – Flat. In then move down from the 2.66 short entry.  Trade pressures are down. Volumes are bearish.

The next target down is 2.40. The expected oversold level is 2.50.

A close above 2.58 would signal higher. The expected overbought level is 2.86.

The average daily range is higher then the distance to next target.

Still too much volatility, Stay Away.