#crudeoilfutures #naturalgasfutures

CRUDE_ CLU23

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

Daily – Short at 75.79. Breaks above the 200 day MA. Trade pressures are up. Volumes are now bearish with profit taking.

The  next target down is 73.80.  The expected oversold levels are now 68.24.

A close above 76.16 would signal higher. The next overbought level is 77.24.

 

NAT GAS_ NGQ23

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

Daily – Flat. In then move down from the 2.66 short entry.  Trade pressures are down. Volumes are bearish.

The next target down is 2.40. The expected oversold level is 2.50.

A close above 2.58 would signal higher. The expected overbought level is 2.86.

The average daily range is higher then the distance to next target.

Still too much volatility, Stay Away.