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Mar 3, 2024 9:14 PM

Natural Gas & Oil : is energy breaking out! 

WTI Light Crude OilBlackBull Markets

Description

Natural gas got a positive weekly close. this close sets up a potential short squeeze to $2 & $2.25 as long as we stay above the hourly chart neckline.

Oil has just made it highest weekly close in 18 weeks. Oil has now broken out to the upside and this could be very detrimental to consumers and the inflation fight.

If oil holds above $80 it's going to try to push for $84 and $90.

Comments
takis6540
thanks for the analysis..you still believe it will reach 4? that's what you said around a month ago..and I trust your observations..
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