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CRUDE_ CLK24  (May Contract)

Weekly – In a New uptrend from March 29. Trade pressures are up. Volumes remain bullish.

Daily – Flat. The move up from the bull flag break out at 78.62 on 3/13 continues thru the 86.05 target.  Trade pressures are up.  Volumes remain bullish.

Expect a back-test of the breakout to the 84 level. The next target up is 89.00. The expected over-bot level is 87.41.

A close below 83.22 would signal lower. The expected oversold levels are 81.27.

 

 

NAT GAS_ NGK24

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

Daily – Flat. Still at the 1.78 short entry.  Trade pressures are down.  Volumes are now neutral.

The next target down remains the 1.36 downside ML.  The expected oversold level rises to 1.69.

A close above 1.81 would signal higher.   The expected overbought level is 1.94.

[higher lows and higher highs in the OS/OB levels; signals a change.]