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CRUDE_ CLH23

Weekly – In the September downtrend. Trade pressures are down. Volumes are now bullish.

Daily – Flat. In the move down from the 11/17 short entry at 83.19, traded down and thru the 75.00 oversold level. Trade pressures are up but declining. Volumes are now neutral.

The move up off the oversold level has stopped at an overbought level. The next target down is 75.69.

A close above 82.40 would signal higher.

 

NAT GAS_ NGH23

Weekly – In the October 2022 downtrend. Trade pressures are up. Volumes are bearish.

Daily – Short. In the new move down from the 12/1 entry at 6.18. Trade pressures are down. Volumes are bearish.

The next target down is 5.44. Very high daily ranges. Hard to trade.

A close above 5.92 would signal higher.