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CRUDE_ CLH25

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

Daily – Flat. In the move up from 73.90 at the June trendline breakout on 1/10.  Trade pressures are up. Volumes are now bearish.

Touched the OB level. The next target up is 80.17. The expected overbought levels rise to 79.68.

A close below 75.48 would signal lower. The expected oversold level rises to 72.97.

 

NAT GAS_ NGG25

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

Daily – Short.  Completed the move up to the Oct trendline at 4.37. Back-tested the September upper median line at 3.76, then rallied to test the highs. Trade pressures are up, but turning down.  Volumes are now bearish.

1/17, the close below 4.15 signaled lower. The expected oversold level rises to 3.61.

Need a close above 4.20 to restart the move up. The expected overbought level rises to 4.50.

[ Set the SL at 4.15.]

[1-21-25: Lower the SL to 4.00. A close above the 4.00 would signal higher.]

[1-23-25: stopped out @ 4.00, for no gain.]