#crudeoilfutures #naturalgasfutures

CRUDE_ CLK25

Weekly – Breaks down into the new April 2025 downtrend. Trade pressures are down. Volumes are neutral.

Daily –Flat. Price crashes to the September lows at 65.12, then moves up to July 2025 median line resistance. Trade pressures are down but rising.  Volumes are neutral.

A close above 63.59 would signal higher.  The expected overbought levels declines to 66.74.

A close below 58.45 would signal lower. The expected oversold level declines to 55.08.

 

NAT GAS_ NGK25

Weekly – Still in the January 2025 uptrend. Trade pressures are down.  Volumes are bearish.

Daily – Short.  Breaks uptrend support and triggers the short entry at 3.75 on 4/4.  Trade pressures are down.  Volumes are bearish.

The next target down is 3.16. The expected oversold level declines to 3.30.

A close above 3.67 would signal higher. The expected overbought level declines to 3.90.

[4-14-25: Set the SL at 3.61.]

[4-16-25: Lower the SL to 3.34.]