#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly – Moving up inside the Dec 2021 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up from the Dec 20 entry at 66.15. Trade pressures are up. Volumes are bearish.

The next target up is 90.19.

A close below 80.92 would signal lower.

 

NAT GAS_ NGH22

Weekly – Seven weeks of consolidation below the 3.5 level. Trade pressures are up. Volumes are bullish.

Daily – Flat. The second break above the 4.28 long entry, but stopped at the downward sloping channel resistance. Trade pressures are up and trending. Volumes are bullish.

The next target up is 5.22.

A close below 4.60 would signal a failure and lower.