Category: Energy

Oil & Gas

#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.

Oil & Gas

#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.

Oil & Gas

#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.

Oil & Gas

#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.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM23

Weekly – In the September 2022 downtrend. Trade pressures are up. Volumes are now bullish.

Daily –Long. Trading up off the 63.64 lows, long at 68.16. Trade pressures are down. Volumes are now bearish.

The next target up is 75.49. The next overbought level is 74.77.

A close  below 68.89 would signal lower. The expected oversold levels are now 67.13.

Set the SL at the BE; 68.18.

[5-16-23: Close the long at 70.98. looking for a reversal to a short.]

 

NAT GAS_ NGN23

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

Daily – Flat. In the continued move down from the 2.82 level on 3/20.  Trade pressures are up. Volumes are now bullish.

The next target down is 2.078. The expected oversold level is 2.04.

A close above 2.35 would signal higher. The expected overbought level is 2.38; so no long trade.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM23

Weekly – In the September 2022 downtrend. Trade pressures are up. Volumes are now bullish.

Daily –Long. Trading up off the 63.64 lows, long at 68.16. Trade pressures are down but rising into the neutral zone.. Volumes are now neutral.

The next target up is 75.49. The next overbought level is 75.63.

A close  below 69.10 would signal lower. The expected oversold levels are now 67.01.

 

NAT GAS_ NGN23 (July Contract)

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

Daily – Flat. In the continued move down from the 2.82 level on3/20. Out of the the long trade with a 2.46 BE stop.  Trade pressures are down but turning up. Volumes are bearish.

The next target down is 2.078. The expected oversold level is 2.01.

A close above 2.35 would signal higher. The expected overbought level is 2.51.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM23

Weekly – In the September 2022 downtrend. Trade pressures are up. Volumes are now bullish.

Daily –Flat. Trading up off the oversold levels. Trade pressures are down but rising. Volumes are bearish.

Traded down to 74.17. The next target down is 71.86.The oversold level is 73.38.

The close above 75.45 has signaled higher. The overbought level is now 78.90.

[5-2-23: Closed at the 71.96 downside target. The next target down is 64.02. A close above 75.94 would signal higher.]

 

NAT GAS_ NGN23 (July Contract)

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

Daily – Long. In the move up from the 2.46 long entry on 4/14 . Trade pressures are up. Volumes are bearish.

The next target up is 2.86. Overbought level is 2.53.

Downside support at the lower median line at 2.38.  The expected oversold level is 2.14.

Again, this is a counter trend trade so be cautious. Stops are at the 2.46 BE.

[5-2-23: Stops at 2.46 triggered; now out at BE.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM23

Weekly – In the September 2022 downtrend. Trade pressures are up. Volumes are now bullish.

Daily –Short. In the move down from 78.01 on 4-20. Trade pressures are down. Volumes are bearish.

The next target down is 74.17. The oversold level is 76.39.

A close above 80.00 would signal higher. Set SL at 80.00.

[4-23-23: Lower SL to 78.39.]

[4-24-23: Stopped out overnight.]

 

NAT GAS_ NGN23 (July Contract)

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

Daily – Long. In a new move up from the 2.46 long entry on 4-14 . Trade pressures are down but rising. Volumes remain bullish.

The next target up is 2.86. Overbought level is 2.39.

Downside support at the prior low of 2.38.  The expected oversold level is 1.94.

Again, this is a counter trend trade so be cautious. Stops are at the 2.46 BE.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM23

Weekly – In the September 2022 downtrend. Trade pressures are up. Volumes are now bullish.

Daily –Flat. In the move up from 73.10 on 3/29. Trade pressures are up. Volumes are bullish.

The next target up is 88.56. The overbought level is 82.95 and price has exceeded that level.
[4-17-23: overbought levels at 83.36 are rising, wait to short till the overbought turns down.]

A close below 78.78 would signal lower. The expected oversold level is 75.76.

[4-20-23: Short at 78.01. Set SL at 80.00.]

 

NAT GAS_ NGN23 (July Contract)

Weekly – In the December 2022 downtrend. Trade pressures are down but rising. Volumes remain bearish.

Daily – Long. In a new move up from the 2.46 long entry on 4-14 . Trade pressures are down but rising. Volumes are now bullish.

The next target up is 2.65. Overbought level is 2.26.

Downside support is gone. The prior low is 2.38. The expected oversold level is 1.97.

This is a counter trend trade so be cautious. Tight stops for this widow-maker, move up to BE as soon as possible.

[4-17-23: Trade now at 2.73. Raise SL to BE at 2.46.]

 

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM23

Weekly – In the September 2022 downtrend. Trade pressures have risen into the neutral zone. Volumes are now neutral.

Daily –Flat. In the move up from 67.42. Trade pressures are up. Volumes are bullish.

The next target up is 76.63. The expected overbought level is 74.90.

A close below 73.29 would signal lower. The oversold level is 66.86.

[3-31-23: Immediately stopped out of the 75.18 short trade for a loss. Quarter ending trades all bullish. Try again higher this nest week.]

 

NAT GAS_ NGN23

Weekly – In the December 2022 downtrend. Trade pressures are down but rising. Volumes remain bearish.

Daily – Flat. Broke the 2.83 support . Trade pressures are down but rising. Volumes are now bullish.

Downside support is gone. The expected oversold level is 2.01.

A close above 2.73 would signal higher. The next target up is 2.86. Overbought is at 2.48.