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CRUDE_ CLM23

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

Daily –Flat. In the move up from 73.10 on 3/29. Trade pressures are up. Volumes are bullish.

The next target up is 88.56. The overbought level is 82.95 and price has exceeded that level.
[4-17-23: overbought levels at 83.36 are rising, wait to short till the overbought turns down.]

A close below 78.78 would signal lower. The expected oversold level is 75.76.

[4-20-23: Short at 78.01. Set SL at 80.00.]

 

NAT GAS_ NGN23 (July Contract)

Weekly – In the December 2022 downtrend. Trade pressures are down but rising. Volumes remain bearish.

Daily – Long. In a new move up from the 2.46 long entry on 4-14 . Trade pressures are down but rising. Volumes are now bullish.

The next target up is 2.65. Overbought level is 2.26.

Downside support is gone. The prior low is 2.38. The expected oversold level is 1.97.

This is a counter trend trade so be cautious. Tight stops for this widow-maker, move up to BE as soon as possible.

[4-17-23: Trade now at 2.73. Raise SL to BE at 2.46.]