Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly – In the January 2022 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the December 2021 long entry at 66.15. Trade pressures are up. Volumes are bullish.

The next target up is 91.75.

A close below 85.81 would signal lower. Use this as the SL

 

NAT GAS_ NGH22

Weekly – The move up off the 3.30 support levels has stalled. Trade pressures are down into the neutral zone. Volumes are now neutral.

Daily – In the move down from the 4.79 level. Trade pressures are down. Volumes are bearish.

The net target down is 3.64.

A close above 4.36 would signal higher.