#crudeoilfutures #naturalgasfutures

CRUDE_ CLU23

Weekly – In the July 2022 downtrend. Trade pressures are up into the neutral zone. Volumes are now bearish.

Daily – Flat. In the move up from the 69.27 move to uptrend on 6/1. Trade pressures are now down. Volumes are bearish.

Closed at 70.27. The next target up is 72.64. The next overbought level is 74.11.

A close below 70.24 will signal lower. The expected oversold levels are now 67.84.

 

NAT GAS_ NGN23

Weekly – In the December 2022 downtrend; dipping below long term support. Trade pressures are up into the neutral zone. Volumes are now bearish.

Daily – Flat. Pulled back below support to 2.13, then a breakout rally into a new uptrend on 6/2.  Trade pressures are up but turning down. Volumes are now neutral.

Got the close above 2.27 to trigger a new long, then a close into a new downtrend on 6/8. The expected overbought level is 2.55.

A close below 2.25 would signal lower. The expected oversold level is 2.08.

Too much volatility, Stay Away.