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CRUDE_ CLU24

Weekly – In the March 2024 uptrend and above support. Trade pressures are up. Volumes are now neutral.

Daily – Flat. The move up stopped at 83.56 which was a lower high.   Trade pressures have returned to – up.  Volumes are now neutral.

Very near a close below 80.54 which would signal lower. The expected oversold level rises to 80.74 (support).

A close back above 81.89 would signal higher. The expected overbought levels are now higher at 84.33.

 

NAT GAS_ NGQ24

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

Daily – Flat.  time moves price across the 6/25 downtrend line. Trade pressures are down.  Volumes remain bearish.

The next target down is 2.21. The expected oversold level declines to 2.17.

A close above 2.39 would signal higher.  The expected overbought level declines to 2.58.