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CRUDE_ CLF25

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

Daily – Flat. In the move up off the 11-18 lows at 66.79.  Trade pressures are up. Volumes are bullish.

The close above 70.17 signals higher. The expected overbought levels rise to 71.30.

The downtrend line resistance is at 72.16. A close below 69.94 would signal lower. The expected oversold level rises slightly to 67.22.

 

NAT GAS_ NGF25

Weekly – In the July 2024 downtrend. Trade pressures are up.  Volumes remain bearish.

Daily – Flat.  The 11/11 move up from 2.81 stops at 3.57, the 200 day MA, and turns down. Trade pressures are up.  Volumes are now bearish.

The next target up would be a retest of the MA. The expected overbought level rises to 3.49.

The next target down is 3.10. The expected oversold level rises to 2.84.