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CRUDE_ CLH24

Weekly – In the December 2023 downtrend. Trade pressures are rising in the neutral zone. Volumes are now bullish.

Daily – Long. Breaks out on 1/25 at 74.99.  Trade pressures are now up.  Volumes remain bullish.

The next target up is 84.18.  The expected overbought levels are 77.71.

A close below 73.33 would signal lower.  The expected oversold levels are 71.13.

 

NAT GAS_ NGH24

Weekly – In the new January 2024 uptrend.  Trade pressures are down into the neutral zone.  Volumes are now bearish.

Daily – Flat. in the downtrend from 1/16 at 2.60.  Trade pressures are rising into the neutral zone.  Volumes remain bearish.

The next target down is 2.10.  The expected oversold level would be 1.96.

A close above  2.25 would signal higher.   The expected overbought level is 3.06.