#crudeoilfutures #naturalgasfutures

CRUDE_CLM22

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

Daily – Short. Stopped out of the prior short at the open on 2/22 for a loss. Trade pressures are up down towards the neutral zone. Volumes are now neutral.

The 2/24 Russian invasion spike receded immediately, setting up a new short from 91.97. The next target down is 85.92.

A close above 90.33 would signal higher.

 

NAT GAS_ NGH22

Weekly – In the June 2021 uptrend. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Short. Interesting that the 2/24 Invasion spike was a lower high than the 2/2 spike. Trade pressures are down. Volumes are now neutral.

Short from the 4.73 trigger on 2/4. The next target down was met at the 3.95 level. The followed by a retracement to the spike high on 2/24. Now expect the 3.95 downside target to be retested.

A close above the spike at 4.71 would signal higher. use 4.70 as the SL.