#crudeoilfutures #naturalgasfutures

CRUDE_ CLU22

Weekly – In the Feb 2022 uptrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Long. In the new move up from the 7/18 long entry @ 96.03. Trade pressures are up. Volumes are bearish.

The next target up is 104.58.
[Take profits above 101.34.]

A close below 95.98 would signal lower. Use this as the SL.

[8-1-22: Stopped out at 95.98.]

 

NAT GAS_ NGU22

Weekly – Remains in the June 2021 uptrend after testing the support in early July 2022. Trade pressures are up. Volumes are now bearish.

Daily –  Short. In the new move down from the 7/28 short entry @ 8.32. Trade pressures are down into the neutral zone.

The next target down is 7.22.
[Take profits below 7.03.]

A close above 8.88 would signal higher. Use this as the SL.

[8-1-22: Lower SL to BE, 8.32.]

[8-3-22: Stopped out at BE, 8.32]