#crudeoilfutures #naturalgasfutures

CRUDE_ CLK25

Weekly – In the January 2025 uptrend, but still testing support. Trade pressures are down but rising. Volumes remain bearish.

Daily –Long. Long from the bull flag breakout at 67.28. In a daily bear flag rising off the 65.01 low. Trade pressures are up.  Volumes are bullish.

Need a close above 68.87 level to confirm the signal higher.  The expected overbought levels declines to 68.74.

The next target down remains 64.64. A break below the Lower median line (bear flag) at 66.67 could precipitate a new leg down. The expected oversold level declines to 64.18.

[Set the SL at 66.67.]

 

NAT GAS_ NGJ25

Weekly – In the new January 2025 uptrend. Trade pressures are up.  Volumes are now bearish.

Daily – Short.  Now at 4.10. The retracement move formed a bull flag and the breakout was at 3.97 on 3/3; then failed with another breakdown at 4.26 thru trend. Trade pressures remain are down.  Volumes are bearish.

The next target down is 3.83. The expected oversold level rises  to 3.88.

A close above 4.25 would signal higher. The expected overbought level rises to 4.62.

[set a SL at 4.25]

[3-20-25: Rollover to May contract, NGK25. Cover short @ 3.96 for a gain.]