#crudeoilfutures #naturalgasfutures

CRUDE_ CLH25

Weekly – In the new January 2025 uptrend. Trade pressures are up but declining. Volumes are neutral.

Daily – Short. In the move down from 76.62 on 1/21.  Trade pressures are down. Volumes remain bearish.

The close below 75.48 did signal lower. The next target down is 72.48.  The expected oversold level rises to 73.65.

Touched the OB level. The next target up is 80.17. The expected overbought levels declines to 78.99.

[Set the SL at 76.07.]

 

NAT GAS_ NGH25

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

Daily – Flat.  Stopped out of the February contract short trade for a small gain. Trade pressures are down but turning up into the neutral zone.  Volumes remain bearish.

A close below 3.34 would signal lower. The expected oversold level declines to 3.43.

Need a close above 3.50 to start a move up. The expected overbought level declines to 4.34.