#crudeoilfutures #naturalgasfutures
CRUDE_ CLM25
Weekly – In the April 2025 downtrend. Trade pressures are down. Volumes are neutral.
Daily –Flat. Took profit on the 4/16 long trade. Trade pressures are down. Volumes remain bullish.
The next target up is 65.49. The expected overbought levels rise to 64.88.
A close below 60.58 would signal lower. The expected oversold level rises to 60.05.
NAT GAS_ NGM25
Weekly – Still in the January 2025 uptrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. Took short profits on 4/21. Trade pressures are down. Volumes are now neutral.
The next target down is 3.16. The expected oversold level declines to 2.76.
The 2 hour chart is trending higher. A close above 3.15 would signal higher. The expected overbought level declines to 3.50.
[4-28-25: Long from 3.15. SL at 3.14. raise to 3.26. ]