Go Long Crude and Nat Gas

2023年1月25日

Crude bounced smartly off of 79.69 twice, with the 2nd test just happening in the Euro session this morning. It has returned to 80.40ish level. This sets up nice for a move back to 81.80 level to try to break the short at the 61.8% line of the recent downtrend. If it can do that, it will open up further moves to the 83-84 area. And, Nat Gas has went down and tested it's low, not breaking it decisevily. This looks like a range. So, I would cover your short nat gas positions and looks to get long on any further strength that this potential 3.10 - 3.60 range presents.