#crudeoilfutures #naturalgasfutures
CRUDE_ CLX22
Weekly – In the September 2022 downtrend. Trade pressures are up. Volumes are bullish.
Daily – In the move up from the 79.33 long entry on 9/28. Trade pressures are up. Volumes are bullish.
The next target up is 96.23. 90.80 is the over-bot level, Since price is above, use this as SL.
A close below 89.18 would signal lower.
NAT GAS_ NGX22
Weekly – In the June 202 uptrend, but declining to test support. Trade pressures are down. Volumes are bearish.
Daily – Flat. In the move down from the 8.87 short entry on 9/15. Trade pressures are up but declining. Volumes are bearish.
6.30 is the over-sold level. The next target down is 5.76.
A close above 7.50 would signal higher.