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CRUDE_ CLG25

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

Daily – Short. In the move down from 70.23 on 12-17.  Trade pressures are up. Volumes are bullish.

The next target down is 67.63. The expected oversold level rises to 68.61.

A close above 71.50 would signal higher . The expected overbought levels decline to 71.18.

[Use 71.50 as the SL.]

[12-30-24: Stopped out of short at 71.50]

 

NAT GAS_ NGG25

Weekly – Remains in the July 2024 downtrend. Trade pressures are up.  Volumes remain bullish.

Daily – Flat.  In the  move up off the October Median Line on 12/17 at 2.80 to high of 3.54. Trade pressures are up.  Volumes are bullish.

The next target up is 3.49. The expected overbought level rises to 3.75.

A close below 3.27 would signal lower. The expected oversold level declines to 3.10.

[Take profits on any move to the prior high at 3.54.]

[12-30-24: gapped up at the open to 3.657. Profit stop hit.]