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CRUDE_ CLM24

Weekly – In the March 2024 uptrend . Trade pressures are down. Volumes remain bearish.

Daily – Flat. Tests Below the 200 day MA and testing the December trendline.  Need a close above 78.36 to break out of the Bull Flag. Trade pressures are down.  Volumes are back to bullish.

The next target down is 73.57. The expected oversold level rises to 76.85.

The close above 77.78 signals higher. The expected overbought levels are now higher at 80.56.

Rising over bought and oversold levels alert and reinforce the buy signal. As always, use stops.

 

NAT GAS_ NGN24

Weekly – In a new May 2024 uptrend.  Trade pressures are up.  Volumes are now neutral.

Daily – Flat.  In the move down from the 2.75 level. Trade pressures are down.  Volumes remain bearish.

Near the support levels at 2.53 and 2.38. The expected oversold level rises to 2.40.

A close above 2.60 would signal higher.  The expected overbought level declines to 3.05.