#crudeoilfutures #naturalgasfutures
CRUDE_ CLK25
Weekly – In the January 2025 uptrend, but still testing support. Trade pressures are down but rising. Volumes remain bearish.
Daily –Flat. Stopped out of the long from the bull flag breakout at 67.28. Still in the daily bear flag rising off the 65.01 low. Trade pressures are up. Volumes remain bullish.
Need a close above 68.87 level to confirm the signal higher. The expected overbought levels rises to 68.64.
A break below the Lower median line (bear flag) at 66.67 could precipitate a new leg down. The expected oversold level rises to 65.62.
[3-24-25: Long at 68.67. Set SL to trend, 67.52.]
[3-25-25: Raise SL to 68.69.] [3-25-25: stopped out ]
NAT GAS_ NGK25
Weekly – In the new January 2025 uptrend. Trade pressures are up but declining. Volumes are now neutral.
Daily – Flat. Now below the breakdown at 4.26 thru trend. Trade pressures are down. Volumes are bearish.
The next target down is 3.88. The expected oversold level declines to 3.80.
A close above 4.19 would signal higher. The expected overbought level declines to 4.50.