Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.

Trading positions 

• Crude Oil [CLZ21] Long around $76.03-77.23 support (yellow rectangle) – with stop below $74.67 and targets at $79.39 and $81.08 – See Fig. 1
• Natural Gas [NGZ21] Long around $5.268-5.361 support (yellow rectangle) – with stop below $5.070 and targets at $5.750 and 5.890 – See Fig. 2

Did you miss our last article about the spiciest MLPs to trade? No problem, you can have a look at our selection through our dynamic stock watchlist!

Trading Charts

Figure 1 – WTI Crude Oil (CLZ21) Futures (December contract, daily chart)

Figure 2 – Henry Hub Natural Gas (NGZ21) Futures (December contract, daily chart)

Happy trading!

As always, we’ll keep you, our subscribers, well-informed.

Thank you.

Sebastien Bischeri
Oil & Gas Trading Strategist