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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 thru the 86.05 target has stalled and is now consolidating.  Trade pressures are down into the neutral zone. .  Volumes are now bearish..

Still expecting a back-test of the breakout to the 84 level. The next target up is 89.00. The expected over-bot level is 87.97.

A close below 84.51 would signal lower. The expected oversold levels are 82.90.

 

NAT GAS_ NGK24

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

Daily – Flat. Remains at the 1.78 short entry.  Trade pressures are down.  Volumes are bearish..

The next target down remains the 1.36 downside ML.  The expected oversold level rises to 1.72.

A close above 1.78 would signal higher.   The expected overbought level remains 1.94.

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