Oil & Gas

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CRUDE_ CLM21

Weekly – The weekly breakout continues. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the November 42.50 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 52.77.

A close below 45.44 would signal lower.

 

NAT GAS_ NGH21

Weekly – In the downtrend. Trade pressures are down but rising. Volumes are neutral.

Daily – Flat. Retracing upward inside the move down. Trade pressures are up but reversing.  Volumes are bullish.

The next target up is 2.72 and the downtrend resistance at 2.79.

at the 25×5 MA resistance. A close back below 2.59 would signal a resumption of the move down.