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CRUDE_ CLH26

Weekly – In the new January 2026 uptrend. Trade pressures remain up. Volumes are now  bearish.

Daily – Flat. In a downtrend. Trade pressures are down into the neutral zone.  Volumes are neutral.

A pullback below 62.00 toward the OS level would allow a new long entry. The expected overbought levels decline to 65.62.

A close below the 200 day MA at 60.80 would signal lower. The expected oversold level rises to 61.73.

[OB/OS channel is narrowing.]

(One of the larger components measuring inflation; and the Hedgeye inflation nowcast expects lower inflation in the 1st quarter 2026.)

[2-18-26: Rallies to 65 and at OB resistance. Wait for pull back below 63.]

 

NAT GAS_ NGH26

Weekly – In the new January 2025 uptrend, pulling back back from the aggressive move up. Trade pressures are up, but declining.  Volumes remain neutral.

Daily – Flat, Sold off hard, now rising to form a second bear flag, and finding support at the median line. Trade pressures are up.  Volumes remain bearish.

A close below 3.07 would signal lower. The expected oversold level declines to 2.88.

A close above 3.30 would signal higher. The expected overbought level declines to 3.57.

[OB/OS channel is declining.]