The Trust Layer for Market Analysts

Crude oil analysis indicates a flat bottom formation with lower highs suggesting a bearish sentiment unless it trades below 61.5. Resistance is noted at 62.2, 62.5 and 62.6. A move beyond 63 may confirm a reversal with 64 being a very significant level, 62.2 is the buying price. Indicators show divergence and slight bullishness in MACD, The near term strategy involves monitoring 61.5 and any confirmed breaks will decide further action. Natural gas analysis reveals a gap filling on the weekly chart suggesting caution until 2.78. The short term analysis suggests bearishness. A break above 2.86 suggests bullish behavior towards 2.9, resistance lies between 2.9 and 2.92 and . The analysis suggest 2.8 will continue as a sell off . Downward targets are set at 2.72 ,then 2.6 and then a further move down toward 2.4.