Oil & Gas

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CRUDE_ CLN21

Weekly – In the December 2020 uptrend. Trade pressures are up but turning down. Volumes are bearish.

Daily – Flat. In a retracement down of this uptrend. Trade pressures are down but rising. Volumes are bullish.

The net target down is 60.37.

A close above 63.98 would signal higher.

 

NAT GAS_ NGN21

Weekly- In the December uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move down from the 3.05 200 day MA. Trade pressures are down. Volumes are bearish.

The next target down is 2.80.

A close above 3.05 would signal higher.