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CRUDE_ CLH23

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

Daily – Short. The close below 80.76 signaled lower and retracement has begun. Trade pressures are down. Volumes are bearish.

The next target down is 71.11. The oversold level is now 75.13

A close above 75.90 would signal higher. The expected overbought level is then 81.12.

 

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.

Below the 2.66 target. The oversold level is 2.30.

A close above 2..48 would signal higher. Overbought is expected at 3.18.