Oil & Gas

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CRUDE_ CLV20

Weekly – Still tracking sideways. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. Now in a new downtrend. Trade pressures are down. Volumes are bearish.

The next target down is 38.88.

A close above the 25×5 MA at 42.41 would signal higher.

 

NAT GAS_ NGV20

Weekly – In the uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from 2.35. Trade pressures are up. Volumes are bullish.

The next target up is the prior high of 2.74.

A close below 2.28 would signal lower.