#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.]

#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.]