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CRUDE_ CLZ24

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

Daily – Flat. In the move down from the test of the 200 day MA at 73.17.  Trade pressures are down.  Volumes are bearish.

Looking for a retest of the 67.57 target. The expected oversold level declines to 67.21.

A close above 70.70 would signal higher. The expected overbought levels decline to 73.91.

 

NAT GAS_ NGZ24

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

Daily – Flat.  In the December contract. In the 10/14 move down from 3.13. Trade pressures are down.  Volumes remain bearish.

The next target down is 2.55. The expected oversold level rises to 2.50.

A close above 2.87 is needed to start a new uptrend. The expected overbought level rises to 3.01.