#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

Weekly – the 64.23 upside target is close by. Trade pressures are up. Volumes are bullish.

Daily – Short. In the new move down for the 61.19 entry. Trade pressures are up but reversing. Volumes are neutral.

The next target down is 58.43.

A close back above 62.01 would signal higher. Use that as the stop.

[03-01-21: stopped out in the over night. Re-shorted at the break of the 25×5 at 61.40. New stop is 61.90.]

[03-01-21: nite session. Lower stops to 61.00.]

[3-3-21: After a low of 58.77 stopped out at the 61.00 level.]

 

NAT GAS NGJ21

Weekly – Remains in the downtrend. Trade pressures are up but have reversed. Volumes are neutral.

Daily – Short. In the new move down from the 2.86 entry. Trade pressures are down and trending. Volumes are bearish.

Look for some price improvement to enter near the 2.86. The next target down is 2.50.

A close above the 200 day MA is the stop at 2.90.