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CRUDE_ CLH23

Weekly – In the September 2022 downtrend. Trade pressures are up. Volumes are now bullish.

Daily – In the move up from the second leg up thru 74.71 on 1/10/23. Trade pressures are down into the neutral zone.. Volumes are bullish.

Stopped at the oversold level of 82.90. The next target up is 82.18.

The close below 80.76 signaled lower and retracement has begun. The expected oversold level is now 77.63.

 

NAT GAS_ NGH23

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

Daily – Flat. In the the second leg down from 6.80 on 11/30/22. Trade pressures are down. Volumes are bearish.

At next target down of 2.66. The oversold level is 2.74.

A close above 2.90 would signal higher. Overbought is expected at 3.66.