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CRUDE_ CLU23

Weekly – In a new August 2023 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Short. In the new move down from the 79.81 short entry on 8-18. Trade pressures are down, but rising. Volumes are neutral.

The next target down is 74.45.  The expected oversold levels are now 78.41.

A close above 81.04 would signal higher. The next overbought level is 85.18.

 

NAT GAS_ NGU23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are down again. Volumes are back to bearish.

Daily – Flat. In the move down from 2.90.  Trade pressures are down. Volumes are bearish.

The next target down is 2.41. The expected oversold level is 2.49.

A close above 2.64 would signal higher. The expected overbought level is 2.97.

[The average daily range is still higher than the distance to next target.
Still too much volatility; stops won’t work.  Stay Away.]