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CRUDE_ CLH23

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

Daily – Long . The close above 75.90 signaled higher. Trade pressures are up. Volumes are bullish.

The next target up is 81.77. The overbought level is now 80.35

A close below 77.73 would signal lower. The expected oversold level is then 73.01.

[2/13/23: Take profits at 80.35. Set SL at 76.52]

[2/16/23 Set SL at 77.49}

[2/17/23: SL sold at 77.49.]

 

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 now up into the neutral zone. . Volumes are now neutral.

Below the 2.66 target. The oversold level is 2.26.

A close above 2.66 target would signal higher. Overbought is expected at 2.80.