Author: ChasW

OIl & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLG26

Weekly – In the December 2025 downtrend. Trade pressures remain down. Volumes remain bearish.

Daily –Short. In the move down from 58.02 on 12/31. The rally to resistance at 58.88 turns the trade down once again. Trade pressures are down.  Volumes remain bearish.

The next target down is 56.32.  The expected oversold level rises to 55.56.

A close above 57.61 would signal higher. The expected overbought levels rise to 58.78.

[OB/OS channel is rising.]

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

 

NAT GAS_ NGG26

Weekly – In the new November 2025 uptrend; testing support at 3.16. Trade pressures remain down.  Volumes remain bearish.

Daily – Flat, In the second leg down from 3.75 on 12/31. Trade pressures are down.  Volumes are now bearish.

The next target down is 3.32. The expected oversold level declines to 3.51.

A close above 3.73 would signal higher. The expected overbought level declines to 4.19.

[OB/OS channel is declining.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH26

Weekly – In the October 2025 uptrend, testing resistance. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Basing after the metals sell-off on 12-29-25. Trade pressures remain up, but declining.  Volumes remain neutral.

A close above 5.70 would signal higher. The next target up is 5.92. The expected overbought levels rise to 5.81.

A close below 5.66 would signal lower. The expected oversold levels rise to 5.37.

[OB/OS channel is rising.]

 

GOLD_ GCG26

Weekly – In the December 2023 uptrend retracing from the spike highs.  Trade pressures remain up.  Volumes are now neutral.

Daily – Flat. basing from the 12-29 selloff.  Trade pressures are down but rising.  Volumes are neutral.

A close above 4400 would signal higher. The next target up is 4479,  The expected overbought level rises to 4567.

A close below 4308 would signal lower.  The expected oversold level declines to 4291.

[OB/OS channel is widening.]

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend, reaching more new highs. Trade pressures remain up.  Volumes remain bullish.

Daily – Flat. Silver spikes well above the OB levels and has a sharp retracement. Trade pressures are down.  Volumes are neutral.

A close above 74.40 would signal higher. Overbought levels rise to 77.55.

A close below 68.66 would signal lower. The oversold levels rise to 68.35.

[OB/OS channel is still rising.]

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper closing the gap to recovery highs. Gold to new highs. Silver rockets to new highs with a $7 up-day.

Crude showing higher lows, but sells off at resistance.  Natural Gas up off lows to test nearby resistance.

The US 30yr Treasury attempting breakout of the Bull Flag.
The 10yr yields trade below 4.15%.
The expected oversold level for the 10yr yield rises to 4.11%

The US Dollar trading lower, need to break the 200 day MA acting as resistance.

_________________

S&P 500 Futures   #ESH26

Monthly –Monthly bar in a move up to test the 7013 highs. Trade pressures remain up. Volumes closed the month of November as bullish.  The 7013 price remains the adjusted high. The next target down is 6702. A close below 6702 would confirm any weekly move lower.

Weekly – The weekly bar breaks above the trendline resistance.  Trade pressures are up, but continuing to turn down. Volumes have turned bearish and continue to rise.  The prior high pivot at 7013 is the next target up. The support trendline is at 6676. A close below 6663 would confirm any daily move lower.

Daily – Long. In the long trade from 6852 on 12/19. Took profits into Xmas Day.  Trade pressures are up. Volumes remain neutral.

The next target up is 7087.  The expected overbought level rises to 6954.

A close below 6939 would signal lower. The expected oversold level rises to 6805.

[OB/OS trend is rising.]

[12-20: Despite the downturn, VIX remains in the teens – allowing a “buy the dips” strategy.]

[12-26-25: There is support at the 6900 level. Watch for possible re-entry in the long trade.]

__________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is rebalanced to start at $100,000 for the 2025 year.

These Navellier Top 5 portfolio stocks closed:
Down 35% for the 2022 Year.
    Up 17% for the 2023 Year.
   Up 42% for the 2024 Year.

Portfolio stock values for 2025. 
The portfolio value is rises for the last week, at $152,000.
The Year-to-Date portfolio performance is up 52%.

The S&P 500 YTD return is up 17.86%

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH26

Weekly –  In the November 2025 uptrend.  Trade pressures remain down. Volumes remain bearish.

Daily –Flat. US interest rates are diverging from the ROW. Trade pressures are now down.  Volumes are now bearish.

The next target down remains 96.70. The expected oversold levels decline to 97.65.

A close above 98.50 would signal higher.  The expected overbought level declines to 98.59.

[The OB/OS channel is declining.]

 

US30YR T-BOND_ USH26

Weekly – In the April 2025 uptrend, now back testing the October 2024 trendline.  Trade pressures remain down.  Volumes remain bearish.

Daily  – Flat. Retracing the move down and now testing the the Bull flag resisitance. Short is closed. Trade pressures are up.  Volumes are neutral.

The next target in this downtrend is 113-05.  Oversold levels rise to 115-10.

A close above 115-28 would signal a breakout from the Bull Flag and higher.  Overbought levels rise to 116-16.

[12-26-25: The OB/OS channel is rising.]

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLF26

Weekly – In the December 2025 downtrend. Trade pressures are now down. Volumes remain bearish.

Daily –Short. In the short trade at 55.65. The rally to resistance at 58.88 turns the trade down once again. Trade pressures are down.  Volumes remain bearish.

The next target down is 56.12.  The expected oversold level declines to 54.79.

A close above 58.38 would signal higher. The expected overbought levels decline to 58.18.

[OB/OS channel is declining.]

(One of the larger components measuring inflation; and the inflation nowcast expects lower inflation in the months ahead.)

[12-29-25: Sell CLF26 at 56.66 for a loss.]

 

NAT GAS_ NGG26

Weekly – In the new November 2025 uptrend; testing support at 3.55. Trade pressures remain down.  Volumes remain bearish.

Daily – Flat, In the move down from 4.33 on 12/09. Trade pressures are down.  Volumes are now neutral.

The next target down is 3.56. The expected oversold level rises to 3.81.

A close above 3.92 would signal higher. The expected overbought level rises to 4.56.

[OB/OS channel is rising.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH26

Weekly – In the October 2025 uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Long. Took profits at 5.60 ahead of the Christmas holiday. Trade pressures remain up.  Volumes are neutral.

The next target up is 5.96. The expected overbought levels rise to 5.67.

A close below 5.79 would signal lower. The expected oversold levels rise to 5.28.

[OB/OS channel is rising.]

 

GOLD_ GCG26

Weekly – In the December 2023 uptrend retesting the highs.  Trade pressures remain up.  Volumes remain bullish.

Daily – Flat. Remains in the uptrend from 12/11.  Trade pressures are up.  Volumes remian bullish.

The next target up is 4585, and above the OB. The expected overbought level rises to 4551.

A close below 4466 would signal lower and act as a SL.  The expected oversold level rises to 4338.

[OB/OS channel is rising.]

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend, reaching more new highs. Trade pressures remain up.  Volumes remain bullish.

Daily – Flat. Silver reaches more new highs at 79.235. Trade pressures remain up.  Volumes remain bullish.

At 79.23, and well above OB levels. Overbought levels rise to 75.65.

A close below 63.81 would signal lower. The oversold levels rise to 67.66.

[OB/OS channel is rising.]

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper met upside resistance, turned down and immdeiately reversed to recovery highs. Gold choppy, but with an upward bias. Silver’s one day selloff inside the uptrend is reversed immediately to new highs.

Crude showing higher lows, but at resistance.  Natural Gas trying to find support.

The US 30yr Treasury holding support at the 200 day MA.
The 10yr yields trade around 4.15%.
The expected oversold level for the 10yr yield rises to 4.10%

The US Dollar trading up off 97.50 low, but 200 day MA acting as resistance.

_________________

S&P 500 Futures   #ESH26

Monthly –Monthly bar consolidating around 6800 off the 6975 highs. Trade pressures remain up. Volumes closed the month of November as bullish.  The 7013 price remains the adjusted high. The next target down is 6702. A close below 6702 would confirm any weekly move lower.

Weekly – The weekly bar rallies back into the uptrend.  Trade pressures are up, but continuing to turn down. Volumes remain neutral and continue to rise. The upper median line parallel at 6929 acting as resistance.  The prior high pivot at 7013 is the target. A close below 6663 would confirm any daily move lower.

Daily – Long. In the move up off the 6774 prior low pivot on 12/17. New long trade from 6852 on 12/19.  Trade pressures are up. Volumes are now neutral.

The next target up is 6929.  The expected overbought level declines to 6937.

Resistance at 7002. The next target down is 6842. The expected oversold level declines to 6712.

[12-20-25: The OB/OS trend is down, so tight stops. Set the SL at 6826.]

[OB/OS trend is declining.]

[12-20: Despite the downturn, VIX remains in the teens – allowing a “buy the dips” strategy.]

[12-22-25: At the 6929 target. Raise the SL to 6882.]

[12-23-25: Raise the SL to 6916.]

[12-24-25: Sell @ 6961. Done for the year.]

__________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is rebalanced to start at $100,000 for the 2025 year.

These Navellier Top 5 portfolio stocks closed:
Down 35% for the 2022 Year.
    Up 17% for the 2023 Year.
   Up 42% for the 2024 Year.

Portfolio stock values for 2025. 
The portfolio value is unchanged for the last week, at $148,000.
The Year-to-Date portfolio performance is up 48%.

The S&P 500 YTD return is up 15.19%

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH26

Weekly –  In the November 2025 uptrend.  Trade pressures remain down. Volumes remain bearish.

Daily –Flat. US interest rates are diverging from the ROW. Trade pressures are now up.  Volumes are now bullish.

The next target down remains 96.70. The expected oversold levels decline to 97.89.

A close above 98.49 would signal higher.  The expected overbought level declines to 99.04.

[The OB/OS channel is declining.]

 

US30YR T-BOND_ USH26

Weekly – In the April 2025 uptrend, now back testing the October 2024 trendline breakout and forming a bull flag.  Trade pressures remain down.  Volumes remain bearish.

Daily  – Short. In the move down from 117-05 on 11/30 and touched the 114-17 downside target on 12/16. Trade pressures are down into the neutral zone.  Volumes remian bearish.

The next target in this downtrend is 112-15.  Oversold levels decline to 114-23.

A close above 115-25 would signal a breakout from the Bull Flag and higher. Still need a higher low first. Overbought levels rise to 115-31.

[12-20-25: The OB/OS channel is widening.]

[12-24-25: Close the Short @ 115-15.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLF26

Weekly – In the December 2025 downtrend. Trade pressures are now down. Volumes remain bearish.

Daily –Flat. In a move up off the low pivot at 54.85 and showing higher lows. Trade pressures are down, but rising.  Volumes remain bearish.

The next target up is 56.94. The expected overbought levels declines to 58.18.

At resistance, expect lower. A close below 55.65 would resume the move down. The expected oversold level declines to 54.52.

[OB/OS channel is declining.]

(One of the larger components measuring inflation; and the inflation nowcast expects lower inflation in the months ahead.)

 

NAT GAS_ NGF26

Weekly – In the new November 2025 uptrend; testing support at 3.55. Trade pressures are down.  Volumes remain bearish.

Daily – Flat, In the moive down from 4.72 on 12/09. Trade pressures are down.  Volumes are now neutral.

The next target down is 3.59. The expected oversold level declines to 3.54.

A close above 4.11 would signal higher. The expected overbought level declines to 4.45.

[OB/OS channel is declining.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH26

Weekly – In the October 2025 uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Long. In the new move up from 5.42 on 12/18/25. Trade pressures are now up.  Volumes are bullish.

The next target up is 5.63. The expected overbought levels rise to 5.50.

A close below 5.41 would signal lower. The expected oversold levels rise to 5.25.

[OB/OS channel is rising.]

[12/20: Use the 5.41 as the SL.]

[12-23-25: Raise the SL to 5.49.]

[12-24-25: Close the long at 5.60.]

 

GOLD_ GCG26

Weekly – In the December 2023 uptrend retesting the highs.  Trade pressures remain up.  Volumes remain bullish.

Daily – Flat. Selling off,but in the uptrend from 12/16.  Trade pressures are up.  Volumes are now bullish.

The next target up is 4409, and above the OB. The expected overbought level rises to 4398.

A close below 4333 would signal lower and act as a SL.  The expected oversold level rises to 4265.

[OB/OS channel is rising.]

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend, reaching more new highs. Trade pressures remain up.  Volumes remain bullish.

Daily – Flat. The one day selloff was quickly reversed and silver flew to new highs. Trade pressures remain up.  Volumes are bullish.

At the 67.82 target. Overbought levels rise to 66.17.

A close below 63.81 would signal lower. The oversold levels rise to 61.81.

[OB/OS channel is rising.]