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CRUDE_ CLU23

Weekly – Remains in the July 2022 downtrend. Trade pressures are now up. Volumes are now bullish.

Daily – Flat. At 73.77.  Breaks above the downtrend on 7/7 but still below the 200 day MA Trade pressures are up. Volumes remain bullish.

The  next target up is 74.62.  The expected overbought levels are now 72.52.

A close below 71.87would signal lower. The next oversold level is 67.21.

 

NAT GAS_ NGQ23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are now down into the neutral zone. Volumes are now neutral.

Daily – Flat. Closed below the 2.69 signal.  Trade pressures are down. Volumes are bearish.

The next target up is 2.58. The expected overbought level is 2.91.

A close below 2.53 would signal lower. The expected oversold level is 2.45.

Still too much volatility, Stay Away.