#crudeoilfutures #naturalgasfutures
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.