#crudeoilfutures #naturalgasfutures

CRUDE_ CLN25

Weekly – In the April 2025 downtrend. Trade pressures are up. Volumes are bearish.

Daily –Long. From 61.77 and was stopped out at the 200 day MA at 66.46. However, Israeli bombing of Iran sent the market higher, which was met with selling.  Trade pressures are up.  Volumes are now bearish.

The spike rises to the OB level. The expected overbought levels rise to 77.14.

A close below 71.94 would signal lower. The expected oversold level rises to 63.34.

 

NAT GAS_ NGN25

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

Daily – Flat.  Rallied off the reversal of the short on 6/2 from 3.55.  Trade pressures are up.  Volumes are bullish.

Need a break above 3.63 to go long. The next target up is 4.14. The expected overbought level declines to 3.85.

A close below 3.48 would signal lower. The expected oversold level rises to 3.41.

This squueeze is a consolidation.

[6-15-25: Gapped higher. No trade, Out of office.]

[6-20-25: Selling off. Breaks below the 3.08 uptrend support.]