#crudeoilfutures #naturalgasfutures

CRUDE_ CLU26

Weekly – In the new June 2026 down trend, near resistance. Trade pressures are up. Volumes are now bullish.

Daily – Long. In the new move up from 72.11 on 7/13. Trade pressures are up.  Volumes are bullish.

Now at the 92 target and pulling back. The next target up is 93.05. The expected overbought levels rise to 93.41.

A close below 83.81 would signal lower The expected oversold level rises to 86.93.

[OB/OS channel is rising.]
OVX (oil volatility) up to 68.

[7-25-26: Set the SL at 86.20.]

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation declining into the August meeting. With the oil rising, this may be suspect.)

 

NAT GAS_ NGU26

Weekly – In the January 2025 uptrend, but testing support. Trade pressures are down.  Volumes remain bearish.

Daily – Flat, In the move down from 2.96 on 7/10. Trade pressures are up.  Volumes remain bearish.

The next target down is 2.46.  The expected oversold level declines to 2.80.

A close above 2.99 would signal higher. The expected overbought level declines to 3.05.

[7-25-26: OS levels are rising mid week. Expect a move up. Set a SL at 2.95.]

[OB/OS channel is declining.]

Natural gas is produced with oil production. Natural gas production as a ratio of oil production has been rising, amounting to 47% of the Permian Basin oil production in 2024.