The Trust Layer for Market Analysts

The analysis examines crude oil, which is currently trading sideways within a defined range and facing resistance at $63. The analyst notes the formation of a double bottom, indicating a potential squeeze. To confirm a bearish move, the price needs to break below $61.5 and $61, targeting $60, then $57.8. A break above $63.5 could signal a reversal, targeting $64. Natural gas analysis indicates a bearish channel with potential for recovery if it trades above $3, targeting $3.025 and $3.05. A sell-off is possible beyond $2.94, with downside targets at $2.78 or below.