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CRUDE_ CLM23

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

Daily –Short. In the move down from 78.01 on 4-20. Trade pressures are down. Volumes are bearish.

The next target down is 74.17. The oversold level is 76.39.

A close above 80.00 would signal higher. Set SL at 80.00.

[4-23-23: Lower SL to 78.39.]

[4-24-23: Stopped out overnight.]

 

NAT GAS_ NGN23 (July Contract)

Weekly – In the December 2022 downtrend. Trade pressures are down. Volumes remain bullish.

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

The next target up is 2.86. Overbought level is 2.39.

Downside support at the prior low of 2.38.  The expected oversold level is 1.94.

Again, this is a counter trend trade so be cautious. Stops are at the 2.46 BE.