Crude oil Short-term Trend Analysis & Tips
Crude oil needs to crossover 4100 levels completely to keep moving upward. Afterward, it will jump for the 4150 – 4200 – 4260 – 4300+.
Two consecutive closing price below to 3920 levels indicates a solid downtrend. It could be up to 3800 – 3700 – 3600 levels.
Natural gas prices will explode now
Breakout of the last week low initiates a new sell position. Downside up to 148 – 146 – 144 – 142.
Caution: a complete breakout required. Respect the trend but prepare for a reversal.
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