#crudeoilfutures #naturalgasfutures

CRUDE_ CLU20

Weekly – Still stuck at the 40-42 level. Trade pressures are up but reversing. Volumes are neutral.

Daily – Flat. Still in the move up. Trade pressures are down. Volumes are neutral.

The next target up is 44.07.

A close below 34/04 would signal lower.

 

NAT GAS_ NGU20

Weekly – Remains in the long move down. Trade pressures are up. Volumes are neutral.

Daily – Flat. In the move up from the 1.74 level. Trade pressures are down. Volumes are bearish.

The next target up is 2.00.

A close below 1.64 would signal lower once again.

One would think the business demand to be down as office buildings are not fully occupied. Vaccine approvals will likely be the key to recovery in this market.