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CRUDE_ GLH23

Weekly – In the September 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Long in the new 12/13 move up from 74.71. Trade pressures are down. Volumes are now neutral.

The next target up is 78.86. The overbought level is 78.92. Use that as the Profit Stop.

A close below the prior low of 70.56 would signal lower.

[12-22-22: Profit stop at 78.92 met.]

 

NAT GAS_ NGH23

Weekly – In the October 2022 downtrend. Trade pressures are down into the neutral zone. Volumes are still bullish.

Daily – Flat. In the move down from the resistance at the 220 day MA. Trade pressures are down. Volumes are neutral.

The next target up is a new long entry at 5.69. 7.20 will be the overbought level.

A close below 5.12 would signal lower. That level is below the current 5.20 oversold level.