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CRUDE_ CLH23

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

Daily –Flat. The close below 77.49 triggered the profit stop. Trade pressures are down. Volumes are now bearish.

The next target down is 71.11. The oversold level is now 73.48.

A close above 77.40 would signal higher. The expected overbought level is then 80.38.

 

NAT GAS_ NGH23

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

Daily – Flat. Now in the the third leg down from the break down at the  2.51 consolidation area on 2/16/23. Trade pressures are down. Volumes are now bearish.

Below the 2.51 target. The oversold level is 2.29.

A close above 2.48 target would signal higher. Overbought is expected at 2.70.