Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU22

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

Daily – Flat. Near the end of the move up from the March 21 long entry at 97.66. Trade pressures are up and trending. volumes are bullish.

The next target up is 115.75.

A close below 113.04 would signal lower and should be used as a SL.

 

NAT GAS_ NGN22

Weekly – In the June 2021 uptrend. Trade pressures are up but declining. Volumes are bullish.

Daily – Short. In the move down from the May 30th short entry at 8.68. Trade pressures are down. Volumes are b earish.

The next target down is 7.51.

A close above 8.61 would signal higher.