WTI Crude Oil (CLG8) under 90.00 areas

We see –finally- Crude Oil taking on board the implications of a sharp US slowdown and possibly a recession. The actual debate between economists is to agree or not if the US economy is already in recession.

WTI Crude Oil (CLG8) under 90.00 areas, the focus has to be towards $87.00/bbl.

Nymex Natural Gas (NGG8) finally bowing to the pressure and trading below $7.90. We still believe the 7.70/8.00 area is a good entry point.

Note: the support/resistance levels used in the matrix’s of this document are levels derived from yesterday high, low and close. Reference in the text to other support/resistance levels will occur.
CRUDE
LCOH8
Resist.
89.23
89.23
89.23
87.87
89.23
89.23
89.23
Support
50dMA
91.8
10dMA
90.84

Thanks to saxo bank

MCXARUN
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