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CRUDE_ CLH24

Weekly – In the new December 2023 downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat.  Consolidating just below the Median Line and the 200 day MA.  Trade pressures are now up.  Volumes close as bullish.

Need a close above 74.28 to confirm any signal higher.  The expected overbought levels are 74.61.

The next target down is 63.54. The expected oversold levels are now 67.40.

 

NAT GAS_ NGH24

Weekly – In the December 2022 downtrend.  Trade pressures are still down.  Volumes are now bullish..

Daily – Flat. Made the 2.29 lows.  Trade pressures are down but rising.  Volumes went bullish and now neutral.

The next target down is 2.07; below the expected oversold level of 2.22.

A close above 2.31 would signal higher.  The expected over-bot level would be 2.72.