#crudeoilfutures #naturalgasfutures

CRUDE_ CLH25

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

Daily – Flat. In the move down from 76.62 on 1/21.  Took profits on the first trade down to 72.50. Trade pressures are down. Volumes remain bearish.

The next target down is 70.86, the 200 day MA.  The expected oversold level declines to to 71.80.

Need a close above 73.84 level to signal higher, (could happen in the Sunday nite session.)  The expected overbought levels declines to 77.90.

[2-4-25: immediate reversal to short on 2-3 open. No trade]

 

NAT GAS_ NGH25

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

Daily – Flat.  In the move down from 3.62 on 1/17. Trade pressures are down.  Volumes remain bearish.

A close below 3.33 did signal lower. The expected oversold level declines to 3.01.

Need a close above 3.50 to start a move up. The expected overbought level rises to 4.36.

[Too much volatility to trade.]