#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ23

Weekly – In a new August 2023 uptrend but testing support. Trade pressures are down. Volumes remain bearish.

Daily – Flat.  In the move down from 85.39 on10/23.  Trade pressures are down.  Volumes remain bearish.

The next target down is 73.18. The expected oversold levels are now 74.35.

Crude is basing around the 200 day MA.

A close above 81.82 would confirm any signal higher. The expected overbought levels are 82.66.

 

NAT GAS_ NGZ23

Weekly – In the December 2022 downtrend; holding at long term resistance. Trade pressures are still down. Volumes are now bullish.

Daily – Flat. Back into an uptrend on 11/3 from 3.52.  Trade pressures are down but rising. Volumes are now neutral.

A close above 3.08. The expected overbought level is 3.45.

A close below 2.98 would signal lower. The expected oversold level is 2.90.