#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ22

Weekly – In the September 2022 downtrend. Trade pressures are up but turning down. Volumes are now neutral.

Daily – Short, in the move down from the 87.47 level. Trade pressures are up but turning down. Volumes remain bearish.

The next target town is 79.75. 81.00 is the over-sold level. 75.00 is the longer term downside target.

A close above the 86.20 resistance level would signal higher.

 

NAT GAS_ NGZ22

Weekly – Now in the new downtrend. Trade pressures are down. Volumes are bearish. European NG storage is full.

Daily – Flat. In the move down from the 9.10 short entry of 9/2. Trade pressures are down and trending. Volumes are bearish and rising.

The next target is down at 4.75. Oversold levels are at 5.01, so use that level as the SL.

A close above 6.46 would signal higher. That is also near the over-bought levels, so be careful.