#crudeoilfutures #naturalgasfutures

CRUDE_ CLJ25

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

Daily –Flat. The move down from 76.59 on 1/21 has reached the downside target and covered for a gain. Trade pressures aredown but rising.  Volumes remain bearish.

The next target down remains 68.18.  The expected oversold level declines to 68.08.

Need a close above 70.39 level to signal higher.  The expected overbought levels declines to 71.96.

 

NAT GAS_ NGJ25

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

Daily – Flat.  In the retracement move down from the 4.14 level on 2/20. Trade pressures remain up but declining.  Volumes remain neutral.

The next target down remains 3.75. The expected oversold level rises  to 3.61.

A close above 4.06 would signal higher. The expected overbought level declines to 4.44.

[the OB/OS levels are narrowing.]