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CRUDE_ CLH24

Weekly – In the December 2023 downtrend. Trade pressures are up. Volumes are now bearish.

Daily – Flat. The break out on 1/25 at 74.99 rises to 78.00, then fails.  Trade pressures are now down.  Volumes are bearish.

The next target down is 66.00.  The expected oversold levels are 72.83.

A close above 74.00 would signal higher.  The expected overbought levels are 78.11.

[2-8-24: Long entry at 75.63. Set the SL at 72.90.]

[2-8-24: Take profits at 78.72. Raise SL to 74.79.]

 

NAT GAS_ NGH24

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

Daily – Flat. in the downtrend from 2.60 on 1/16.  Trade pressures are down.  Volumes remain bearish.

The next target down is a break below 2.03 to 1.74.  The expected oversold level would be 1.93.

A close above  2.09 would signal higher.   The expected overbought level is 2.36.