#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly – In the December 2021 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Everyone thinks oil goes to 100. Trade pressures are up but declining. Volumes are bullish.

The next target up is 91.75.

A close below 79.73 would signal a retracement. Would likely coincide with a change in the expected rate of change of GDP growth.

 

NAT GAS_ NGH22

Weekly – Has made the round trip from the June 2021 breakout. Trade pressures are up. Volumes are now neutral.

Daily – The new long was triggered at 4.43 on 1/12. Ran into the resistance at 4.88, then began a retracement. Trade pressures are down but rising. Volumes are now neutral.

Sitting on support after retracing down to 3.78. The next target up is the 200 Day MA at 4.25.

A close below the support would signal lower.