Oil & Gas

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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. ]

 

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