Trading-Capital

Natural Gas & Oil : is energy breaking out!

BLACKBULL:WTI   WTI Light Crude Oil
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.


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