Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly – In the January 2021 uptrend. Trade pressures are up, but declining to the neutral zone. Volumes are bearish.

Daily – Short. In the move down from the 75.59 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 68.89.

A close above 72.80 would start a short retracement up, to perhaps 75.50.

 

NAT GAS_ NGZ21

Weekly – June 2021 uptrend still intact. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 5.89 short entry. Trade pressures are up. Volumes are bearish.

The next target down is 4.64.

A close above 5.33 would signal higher.