#crudeoilfutures #naturalgasfutures

CRUDE_ CLV23

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

Daily – Flat. In the second leg up from the 81.85 long entry on 8/31. Trade pressures are up and trending.  Volumes  are now bearish.

The next target up is 95.53.  The overbought levels are now 91.68. Support is at 84.71.

A close below 87.45 would signal lower. The expected oversold levels are 87.05.

 

NAT GAS_ NGV23

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

Daily – Flat. Rallied to 3.10, now moving down and moving up the lower median line support.  Trade pressures are down. Volumes are bearish.

The next target down is 2.74. The expected oversold level is 2.51.

A close above  2.90 would signal higher. The expected overbought level is 2.90.

[The average daily range is moderating. Still too much volatility; stops won’t work.  Stay Away.]