#crudeoilfutures #naturalgasfutures

CRUDE_ CLM25

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

Daily –Long. The long entry tiggered at 61.36 in the 4/16 premarket. Trade pressures are up.  Volumes are bullish.

The next target up is 65.49.  The expected overbought levels declines to 64.20.

A close below 59.89 would signal lower. The expected oversold level rises to 58.09.

[set the SL at 59.89.]

 

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 3.10.

A close above 3.32 would signal higher. The expected overbought level declines to 3.76.

[set the SL at 3.32.] [Take profits at the 3.16 target.]