#crudeoilfutures #naturalgasfutures

CRUDE_ CLV26

Weekly – In the new September 2026 up trend. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. ripped thru the 92 target to a new high off 104.16 on 9/11.. Trade pressures are up.  Volumes are now neutral.

The next target up is 107.19. The expected overbought levels rise to 102.99.

A close below 88.87 would signal lower. The expected oversold level rises to 88.57.

[OB/OS channel is rising.]
OVX (oil volatility) rises to 59.

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation rising, slowly, thru the year end. Rises in the GDP are also expected.)

 

NAT GAS_ NGV26

Weekly – In the August 2026 downtrend. Trade pressures are up.  Volumes are now neutral.

Daily – Flat, Basing with a likely long entry at 2.84. Trade pressures are up.  Volumes are bullish.

The next target up is 2.93. The expected overbought level declines to 2.99.

A close below 2.77 would signal lower.  The expected oversold level declines to 2.71.

[OB/OS channel is declining.]

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