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CRUDE_ CLX24

Weekly – In the September 2024 downtrend  after breaking support. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Flat. In the move down towards 65-66.  Trade pressures are down.  Volumes are bearish.

The next target down is 66.24. The expected oversold level rise to 67.22.

A close above 69.04 would signal higher. The expected overbought levels are lower at 71.40.

 

NAT GAS_ NGX24

Weekly – In the August 2024 downtrend, but near a break up.  Trade pressures are up.  Volumes remain bullish.

Daily – Flat.  In the second leg up from the bull flag on 9/20. The upside resistance is at 3.01, the 200 day MA. Trade pressures are up, but declining.  Volumes are bullish.

The next target up is 2.95. The expected overbought level rises to 3.00.

A close below 2.73 would signal lower.  The expected oversold level rises to 2.40.