Oil & Gas

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CRUDE_ CLM21

Weekly – The long term support line has held. Trade pressures are down into the neutral zone.  Volumes are now neutral.

Daily – Flat. The short entry was stopped out at 61.88 for a loss. Trade pressures are up. Volumes are still bullish.

The next target up is 65.76.

A close below 62.02 would signal lower.

 

NAT GAS_ NGK21

Weekly – Remains in the Dec 20202 downtrend. Trade pressures are rising into the neutral zone. Volumes are now bullish.

Daily – Flat. Has touched the new long entry at 2,67, but no close. Trade pressures are up. Volumes are bullish.

The next target up is the new long entry and then 2,89,

A close below 2.62 would signal lower.