Oil & Gas

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CRUDE_ CLU22

Weekly – In the January 2022 uptrend. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Short. In the Short from the 106.79 entry. Trade pressures are down. Volumes are bearish.

The next target down is 99.76.

A close above 106.23 would signal higher. Use this as a stop loss.

[7-4-22: stopped out for small gain.]

 

NAT GAS_ NGQ22

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

Daily – Flat. In the move down from the 8.97 level. Trade pressures are down. Volumes are now neutral.

The next target down is 4.66.

A close above 5.96 would signal higher.