#crudeoilfutures #naturalgasfutures
CRUDE_ CLH25
Weekly – In the new January 2025 uptrend. Trade pressures are down. Volumes are bearish.
Daily –Short. In the move down from 76.62 on 1/21. Trade pressures remain down. Volumes remain bearish.
The next target down is 68.19. The expected oversold level declines to to 70.23.
Need a close above 73.51 level to signal higher. The expected overbought levels declines to 74.70.
[2-11-25: Flat. Price touches the 73.51. level.]
NAT GAS_ NGH25
Weekly – In the new January 2025 uptrend. Trade pressures declining to neutral zone. Volumes remain bullish.
Daily – Flat. In the move down from 3.62 on 1/17. Trade pressures are up. Volumes are bullish.
A close below 3.33 did signal lower. The expected oversold level declines to 2.90.
Need a close above 3.41 to start a move up. The expected overbought level declines to 3.80.
[Too much volatility to trade. All pressures are down.]
[2-11-25: Pressures now up and price above the 3.41 signal.]