#crudeoilfutures #naturalgasfutures

CRUDE_ CLV22

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

Daily – Short. In the move down from the 8/12 re-entry. Consolidating at the 200 day MA. Trade pressures are up. Volumes are bearish.

A close below 89.30 would reenter the short trade. The next target down after is 87.03.

A close above 93.83 would signal higher. Use this as the SL.

[8-22-22: The 200 day MA is holding support; close/reduce shorts. ]

 

NAT GAS_ NGU22

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

Daily – Long. stopped out on the late week pullback. Trade pressures are up but declining. Volumes are now neutral.

The next target up is 9.63.

A close below 8.58 would signal lower.