#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly – In the February 2022 uptrend. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. Retracing the move down, but still inside the down move. Trade pressures are up. Volumes are bullish.

The next target down is 97.30.

A close above 111.37 would confirm this move up. The next target up is the 118.07 prior high.

 

NAT GAS_ HGM22

Weekly – In the June 2021 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the December 2021 move up, but at resistance. Trade pressures are up but turning down.

The next target up is the prior high at 8.99.

The break below the uptrend support at 7.06 now projects down to 5.87.