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CRUDE_ CLK24  (May Contract)

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

Daily – Flat. In the move up from 77.75 on 3/13.  Trade pressures are up.  Volumes are now bullish.

The next target is 82.74. The expected over-bot level is 81.97.

A close below 80.11 would signal lower.  Set this 80.00 as the SL. The expected oversold levels are 77.74.

Look for a re-entry at the oversold levels.

 

 

NAT GAS_ NGJ24

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

Daily – Flat. The attempted rally fails.  Trade pressures are down but turning up.  Volumes are bearish.

The next target down is the 1.60 downside LML.  The expected oversold level would be 1.60.

A close above 1.77 would signal higher.   The expected overbought level is 2.03.