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CRUDE_ CLM21

Weekly – Consolidating a the 64.28 upside target. Trade pressures are in the neutral zone. Volumes are neutral.

Daily – Short. Closed below the 61,68 short entry. Trade pressures are rising into the neutral zone. Volumes are neutral.

The daily trade pressures are rising, so look for a reversal in the lower time frame trade pressures for a better short entry. The next target down is 59.00.

A close above the upper median line would signal a reversal. Use that level as the stop. This trade has no weekly support so keep tight stops.

 

NAT GAS NGM21

Weekly – The 2019 downtrend resumed in December of 2020. Trade pressures are up. Volumes are bullish.

Daily – Flat. Below the 200 day MA and in a new uptrend. Trade pressures are up but declining towards thee neutral zone. Volumes are bullish.

The next target up is the 200 day MA at 2.98.

A close below 2.65 would restart the move down.