#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly –  Now in a new downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Took the profit at the 62.99 downside target. Trade pressures are down but rising. Volumes remain bearish.

The next target up is a new long entry at 68.54. The weekly is still down so this is a corrective move only. Take the next profit target at 74.66. move stop to BE asap.

A close below 64.04 is the SL and signals lower.

 

NAT GAS_ NGH22

Weekly – Still in the long uptrend from April of 2020, but nearing support at 3.49. Trade pressures are down. Volumes are bearish.

Daily – Flat. After the 11/24 breakout to the upside the trade failed and fell to the 200 day MA at 3.90. Trade pressures are down. Volumes are bearish.

The next target  down is 3.33.

A close above 4.69 would signal higher.