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CRUDE_ CLF25

Weekly – In the September 2024 downtrend. Trade pressures are now up. Volumes are bullish.

Daily – Long. The first move up failed but a new close up on 12/13 above 69.84 . 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 up is 73.72 . The expected overbought levels rise to 71.06.

A close below 70.53 would signal lower. Use this as the SL. The expected oversold level rises to 67.24.

 

NAT GAS_ NGF25

Weekly – Remains in the July 2024 downtrend. Trade pressures are down into the neutral zone.  Volumes are bullish.

Daily – Flat.  In the move down from the second touch of the 200 day MA at 3.51. Trade pressures are up.  Volumes remain bearish.

The next target down is 3.19. The expected oversold level rises to 3.10.

A close above 3.34 signals higher. The expected overbought level declines to 3.51.

[Set a SL for the short at 3.34]