The Trust Layer for Market Analysts

The analysis suggests that Crude Oil shows a channel is getting created. Good base 62.8 traded in a bullish channel with higher highs and higher lows. If price stays below 62.6, it will be bearish. Indicators are showing divergence but price action could converge and then bounce. Target for Crude Oil $66. Natural gas: The model states that breaking 2.88 there is a possibility of 2.92 and up to 2.95/2.96, However, unless natural gas does not trade above 3, we can't consider is a complete bullish break. Below $2.78 it is bearish for natural gas, that is, this storage data can reverse the trend for natural gas and we will see the price going to $2.6.