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CRUDE_ CLG25

Weekly – In the September 2024 downtrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the move up from 71.50 on 12/30.  Trade pressures are up. Volumes are bullish.

The close above 71.50 did signal higher and closed at 73.96. The next target up is 75.02. The expected overbought levels rise to 73.92.

The next target down is 67.63. The expected oversold level rises to 69.26.

 

NAT GAS_ NGG25

Weekly – Broke thru the July 2024 downtrend. Trade pressures are up.  Volumes remain bullish.

Daily – Flat.  Retracing the spike up and closing the gap. Trade pressures are down.  Volumes are bearish.

In the retracement down from 3.93. Support should be at 3.18, the Oct median line. The expected oversold level rises to 3.34.

Need a close above 3.60 to restart the move up. The expected overbought level rises to 4.00.