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CRUDE_ CLH23

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

Daily – Flat. Out of the long trade at the overbought levls. Trade pressures are down but rising. Volumes remain bullish.

The next target up is 87.17. The over bought level is 80.85, So, expect some retracement.

A close below 73.10 would signal lower. The current oversold level is 73.12.

 

NATGAS_ NGH23

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

Daily – Flat. In the move down from the 5.20 short entry on 12/20. Trade pressures are down hard. Volumes are bearish.

The next target  down is the 3.94 target. 4.01 is oversold.

A close above 4.35 would signal higher. The expected overbought level is now 5.82.