#crudeoilfutures #naturalgasfutures

CRUDE_ CLU23

Weekly – Remains in the July 2022 downtrend. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Short. In the new move down from 70.31 on 6-20. Trade pressures are down. Volumes are neutral.

The  next target down is 68.25. The expected oversold levels are now 66.90.

a close above 75.59 would signal higher. The next overbought level is 73.51. Set the SL at 72.38.

[6-21-23: Stopped out at 72.38 for a loss.]

 

NAT GAS_ NGN23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are up. Volumes are now bullish.

Daily – long. broke above the 2.51 resistance on 6/15.  Trade pressures are up. Volumes are now bullish.

The next target up is 3.33. The expected overbought level is 2.70.

A close below 2.41 would signal lower. The expected oversold level is 2.16.

Too much volatility, Stay Away.