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CRUDE_ CLF25

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

Daily – Flat. The move up failed. The close below the Sept trendline of the recent lows confirms the new short from 69.94 on 12-6.  Trade pressures are down. Volumes are bearish.

The next target down is 65.50. The expected oversold level declines slightly to 66.92.

The close above 68.05 signals higher. The expected overbought levels decline to 70.90.

[SL at the BE, 69.94.]

 

NAT GAS_ NGF25

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

Daily – Flat.  In the move down from the 200 day MA at 3.57. Trade pressures are down.  Volumes remain bearish.

The next target down is 2.83. The expected oversold level rises to 2.92.

A close above 3.12 signals higher. The expected overbought level rises to 3.57.