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CRUDE_ CLH24

Weekly – Still in the December 2023 downtrend. Trade pressures are up. Volumes are now bullish.

Daily – Long. The break out on 2/8 at 73.62.  Trade pressures are now up.  Volumes are bullish.

The next target up is the 120ML at 78.93.  The expected over-bot level is 75.83.

A close below 71.93 would signal higher.  The expected oversold levels are 70.60.

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

[2-13-24: Raise SL to 76.68.]

[2-14-24: Profit stop met in the first hour.]

 

NAT GAS_ NGH24

Weekly – In the new February 2024 downtrend.  Trade pressures are down.  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 the 1.74 downside target.  The expected oversold level would be 1.90.

A close above  1.90 would signal higher.   The expected overbought level is 2.25.