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CRUDE_ CLX24

Weekly – In the September 2024 downtrend, rising to resistance. Trade pressures decline to the neutral zone. Volumes are now neutral.

Daily – Short. In the move down from 73.71 on 10/14; which was stopped out at 68.50 on 10/18.  Trade pressures are down.  Volumes are bearish.

Near the 67.58 downside target. The expected oversold level declines to 68.71.

A close above 70.52 would signal higher. The expected overbought levels decline to 78.31.

 

NAT GAS_ NGX24

Weekly – In the August 2024 downtrend. Trade pressures are down.  Volumes are bearish.

Daily – Short.  In the move down from the upside resistance at 3.01 (the 200 day MA). A short was triggered at 2.66. Trade pressures are down.  Volumes remain bearish.

the next target down is 2.13. The expected oversold level declines to 2.25.

A close above 2.35 is needed to start a new uptrend. The expected overbought level declines to 2.67.