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CRUDE_ CLM22

Weekly – In the January uptrend. Trade pressures are up and trending. Volumes are now bearish.

Daily – Short. The new short is signaled at 85.91. Trade pressures are down hard. Volumes remain bullish.

The next target down is 81.71.
Trading is against the weekly pressures. Wait to enter on a bearish reversal of the trade pressures.

A close above 87.49 would signal a resumption of the move up. Use that as a SL.

 

NAT GAS_ NGH22

Weekly – The 3.21 support has held the uptrend. Trade pressures are down into the neutral zone. Volumes are now bullish.

Daily – Flat. In a retracement up inside the move down from 4.73. Trade pressures are down into the neutral zone. Volumes are now neutral.

The next target down is 3.95.

A close above 4.60 would signal higher.