#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.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU23

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

Daily – Flat. At 73.77.  Breaks above the downtrend on 7/7 but still below the 200 day MA Trade pressures are up. Volumes remain bullish.

The  next target up is 74.62.  The expected overbought levels are now 72.52.

A close below 71.87would signal lower. The next oversold level is 67.21.

 

NAT GAS_ NGQ23

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

Daily – Flat. Closed below the 2.69 signal.  Trade pressures are down. Volumes are bearish.

The next target up is 2.58. The expected overbought level is 2.91.

A close below 2.53 would signal lower. The expected oversold level is 2.45.

Still too much volatility, Stay Away.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU23

Weekly – Remains in the July 2022 downtrend. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Flat. In the channel from 67 to 72. Trade pressures are up. Volumes are now bullish.

At 70.58. The  next target up the overbought level of 71.87.  The expected overbought levels are now 71.87.

A close below 69.81 would signal lower. The next oversold level is 67.04.

 

NAT GAS_ NGQ23

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

Daily – Long. After a pull back to 2.61 a new move up thru 2.71.  Trade pressures are down but rising. Volumes are neutral.

The next target up is 2.85. The expected overbought level is 2.99.

A close below 2.69 would signal lower. The expected oversold level is 2.43.

Still too much volatility, Stay Away.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU23

Weekly – Remains in the July 2022 downtrend. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Flat. In the  move down from 70.31 on 6-20. Trade was stopped out for a loss. Trade pressures are down. Volumes are bearish.

The  next target down is 65.81. The expected oversold levels are now 66.75.

Expect a retracement up from 68.78. A close above 70.19 would signal higher. The next overbought level is 71.98.

 

NAT GAS_ NG@23

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

Daily – Long. Broke above the 2.51 resistance on 6/15.  Trade pressures are up. Volumes are bullish.

The next target up is 3.43. The expected overbought level is 2.41.

A close below 2.465 would signal lower. The expected oversold level is 2.13.

Still too much volatility, Stay Away.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU23

Weekly – Remains in the July 2022 downtrend. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Short. In the new move down from 70.31 on 6-20. Trade pressures are down. Volumes are neutral.

The  next target down is 68.25. The expected oversold levels are now 66.90.

a close above 75.59 would signal higher. The next overbought level is 73.51. Set the SL at 72.38.

[6-21-23: Stopped out at 72.38 for a loss.]

 

NAT GAS_ NGN23

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

Daily – long. broke above the 2.51 resistance on 6/15.  Trade pressures are up. Volumes are now bullish.

The next target up is 3.33. The expected overbought level is 2.70.

A close below 2.41 would signal lower. The expected oversold level is 2.16.

Too much volatility, Stay Away.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU23

Weekly – In the July 2022 downtrend. Trade pressures are up into the neutral zone. Volumes are now bearish.

Daily – Flat. In the move up from the 69.27 move to uptrend on 6/1. Trade pressures are now down. Volumes are bearish.

Closed at 70.27. The next target up is 72.64. The next overbought level is 74.11.

A close below 70.24 will signal lower. The expected oversold levels are now 67.84.

 

NAT GAS_ NGN23

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

Daily – Flat. Pulled back below support to 2.13, then a breakout rally into a new uptrend on 6/2.  Trade pressures are up but turning down. Volumes are now neutral.

Got the close above 2.27 to trigger a new long, then a close into a new downtrend on 6/8. The expected overbought level is 2.55.

A close below 2.25 would signal lower. The expected oversold level is 2.08.

Too much volatility, Stay Away.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU23

Weekly – In the July 2022 downtrend. Trade pressures are up into the neutral zone. Volumes are now neutral.

Daily – Flat. In the move up from the 69.27 move to uptrend on 6/1. Trade pressures are up. Volumes are neutral.

The next target up is 75.54. The next overbought level is 72.58.

A close below 69.93 will signal lower. The expected oversold levels are now 67.31.

 

NAT GAS_ NGN23

Weekly – In the December 2022 downtrend; sitting on long term support. Trade pressures are u[p into the neutral zone. Volumes are now neutral.

Daily – Flat. Pulled back below support to 2.13, then a breakout rally into a new uptrend on 6/2.  Trade pressures are still  down. Volumes remain bearish.

Need a close above 2.27 to trigger a new long The expected overbought level is 2.68.

A close below 2.13 would signal lower. The expected oversold level is 2.11.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU23

Weekly – In the July 2022 downtrend. Trade pressures are up into the neutral zone. Volumes are now neutral.

Daily – Flat. In the move up from the 5/5 (Sept) entry. Trade pressures are down into the neutral zone. Volumes are now neutral.

The next target up is 74.62. The next overbought level is 74.27.

A close below 70.22 will signal lower. The expected oversold levels are now 69.88.

 

NAT GAS_ NGN23

Weekly – In the December 2022 downtrend; sitting on long term support. Trade pressures are u[p into the neutral zone. Volumes are now neutral.

Daily – Flat. Pulling back to support at 2.31.  Trade pressures are down. Volumes are now bearish.

The next target up is 3.38. The expected overbought level is 2.70.

A close below 2.31 would signal lower. The expected oversold level is 2.24.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM23

Weekly – In the September 2022 downtrend. Trade pressures are down. Volumes are now bearish.

Daily – Flat. In the move up from the 5/5 entry. Trade pressures are up. Volumes are now bullish.

The next target up is 75.49. The next overbought level is 74.35.

The close  below 71.44 has signaled lower. The expected oversold levels are now 69.16.

Look for a bearish reversal in the trade pressures to go short.

 

NAT GAS_ NGN23

Weekly – In the December 2022 downtrend. Trade pressures are down. Volumes remain bullish.

Daily – Flat. The move up through the 2.62 level has changed the trend to up.  Trade pressures are up. Volumes are now neutral.

The next target up is 2.82. The expected overbought level is 2.75.

A close below 2.646 would signal lower. The expected oversold level is 2.31.