#crudeoilfutures #naturalgasfutures

CRUDE_ CLG25  (Rollover to CLH25 on 1.16)

Weekly – In the September 2024 downtrend ( the 12/2021 trendline holds). Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the second leg up from 74.11 at the 12/9 median line breakout on 1/9.  Trade pressures are up. Volumes are bullish.

The next target up is 80.53. The expected overbought levels rise to 75.98.

A close below 73.43 would signal lower. The expected oversold level rises to 71.01.

 

NAT GAS_ NGG25

Weekly – In the new January 2025 uptrend. Trade pressures are up.  Volumes remain bullish.

Daily – Flat.  Completed the retracement down just above the Oct median line. Now retesting the highs. Trade pressures are up.  Volumes are bullish.

The close above 3.60 did restart the move up. The next target up is the prior high of 4.26. The expected overbought level declines to 3.97.

A close below 3.58 would signal lower. The expected oversold level declines to 3.23.