Weekly – In the July 2022 downtrend. Trade pressures are up into the neutral zone. Volumes are now neutral.
Daily – Flat. In the move up from the 69.27 move to uptrend on 6/1. Trade pressures are up. Volumes are neutral.
The next target up is 75.54. The next overbought level is 72.58.
A close below 69.93 will signal lower. The expected oversold levels are now 67.31.
NAT GAS_ NGN23
Weekly – In the December 2022 downtrend; sitting on long term support. Trade pressures are u[p into the neutral zone. Volumes are now neutral.
Daily – Flat. Pulled back below support to 2.13, then a breakout rally into a new uptrend on 6/2. Trade pressures are still down. Volumes remain bearish.
Need a close above 2.27 to trigger a new long The expected overbought level is 2.68.
A close below 2.13 would signal lower. The expected oversold level is 2.11.