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CRUDE_ CLV24

Weekly – In the September 2024 downtrend  after breaking support. Trade pressures are down. Volumes remain bearish.

Daily – Long. Signal at 68.38, but wait for the pullback towards 66.00.  Trade pressures are up.  Volumes remain bearish.

The next target up is 71.49. The expected overbought levels are lower at 72.49.

A close below 67.23 would signal lower. If long, use 67.23 as SL. The expected oversold level decline to 64.56.

 

NAT GAS_ NGV24

Weekly – In in a new August 2024 downtrend.  Trade pressures rising into the neutral zone.  Volumes remain are now bullish.

Daily – Flat.  In the move up from 2.14 on 9/2. At the upside resistance at 2.39. Trade pressures are up.  Volumes are bullish.

The next target up is 2.54. The expected overbought level rises to 2.40.

A close below 2.25 would signal lower. Set this 2.25 as the SL. The expected oversold level rises to 2.10.