#crudeoilfutures #naturalgasfutures

CRUDE_ CLV22

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

Daily – Long. In the move up from the 84.28 new long entry on 9/9. Trade pressures are rising into the neutral zone. Volumes are now neutral.

The next target up is 88.83. Overbought is at 91.00.

A close below 83.36 would signal lower. Use as SL.

[9/12/22: Raise SL to 87.18.] [9/13/22: Stopped out]

 

NAT GAS_ NGV22

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

Daily – Flat. In the move down from the 8.90 short entry; out at 7.80 at oversold. Trade pressures are down but rising. Volumes are neutral.

The next target down is 7.28.

A close above 8.00 would signal a retracement in this move down. Very risky, so use tight stops.