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CRUDE_ CLH24

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

Daily – Flat. Profit stop met at 78.72.  Trade pressures are up.  Volumes are bullish.

The next target up is the horizontal trend line at 78.50.  The expected over-bot level is 79.52.

A close below 74.71 would signal higher.  The expected oversold levels are 72.31.

 

NAT GAS_ NGH24

Weekly – In the new February 2024 downtrend.  Trade pressures are down.  Volumes remain bearish.

Daily – Flat. in the second leg of the downtrend from 2.08 on 2/6.  Trade pressures are down.  Volumes remain bearish.

The next target down is the 1.36 downside target.  The expected oversold level would be 1.47.

A close above  1.64 would signal higher.   The expected overbought level is 1.93.