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CRUDE_ CLM21

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

Daily – Flat. In the move up from the November long entry at 40-59. Trade pressures are up and extended. Volumes are bullish.

The next target up is 52.77.

Now in backwardation. A close below 45.44 would signal lower. The 2hr support is at 48.54.

 

NAT GAS_ NGH21

Weekly – Re entered the two year down trend in December 2020. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Flat. In the retracement move up from 2.52. Trade pressures are up but reversing. Volumes are bullish.

The next target up is 2.79.

A close below 2.53 would signal lower.