#crudeoilfutures #naturalgasfutures

CRUDE_ CLJ25

Weekly – In the January 2025 uptrend. Trade pressures are down. Volumes remain bearish.

Daily –Short. In the move down from 76.59 on 1/21. The first short was stopped out on a rally attempt. The consolidation channel lower bound is being tested. Volumes are bearish.

The next target down remains 68.18.  The expected oversold level rises to to 70.02.

Need a close above 71.94. level to signal higher.  The expected overbought levels declines to 73.32.

 

NAT GAS_ NGJ25

Weekly – In the new January 2025 uptrend. Trade pressures still in neutral zone.  Volumes remain bullish.

Daily – Flat.  In the move up from 3.22 on 2/3 and above the oversold level. Trade pressures remain up.  Volumes are now neutral.

The next target up is the upper median line H at 4.39. The expected overbought level rises to 4.45.

A close below 4.02 would signal lower. The expected oversold level rises to 3.50.

[the OB/OS levels are turning up]