Author: ChasW

Oil & Gas

#crudeoilfutures #naturalgasfutures

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.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH26

Weekly – In the October 2025 uptrend. Trade pressures are up but declining. Volumes remain neutral .

Daily – Flat. In the move down from 6.17 on 1/30: Tested the 5.77 downside target. Trade pressures are down.  Volumes remain bullish.

The next target down is still 5.57. The expected oversold levels decline to 5.67.

A close above 5.88 would signal higher. This is also a resistance level. The expected overbought levels decline to 6.12.

[OB/OS channel is declining.]

 

GOLD_ GCJ26

Weekly – In the December 2023 uptrend.  Trade pressures remain up.  Volumes remain neutral.

Daily – Flat. In the move up from 4987 and at resistance at 5068.  Trade pressures are down but rising.  Volumes are now neutral.

The next target up is 5144.  The expected overbought level declines to 4842.

A close below 4936 would signal lower. The expected oversold level rises to 5209.

[OB/OS channel is widening.] expect rising volatility.

[2-14-26: set the SL at 5024.] Watch the USD, negative correlation.

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend, but with a massive correction to the mean. Trade pressures remain in the neutral zone.  Volumes remain neutral.

Daily – Flat. In consolidation between 63 and 83. Trade pressures remain down.  Volumes are now neutral.

The next target down is 72. Did backtest the 83 level. The oversold levels rise to 76

A close above 78.50 would signal higher. Overbought levels decline to 84.

[OB/OS channel is narrowing.] less volatility expected.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper near new long entry. Gold a new long entry, but tight stops. Silver has too much room above and below .

Crude is a new long entry soon.  Natural Gas forming a bear flag.

The US 30yr Treasury in a new move up from 114-30.
The 10yr yields continue above 4.22%.  The expected oversold level for the 10yr yield holds to 4.17%

The US Dollar – moving higher, with negative correlations to other asset classes.

_________________

S&P 500 Futures   #ESH26

Monthly –Monthly bar rallys off support. Trade pressures remain up. Volumes closed the month of January as bullish.  The 7043 price remains the adjusted high.  7208 is the next target up. A close below 6732 would confirm any weekly move lower.

Weekly – The weekly bar breaks back above the trendline resistance.  Trade pressures are now down. Volumes remain bullish.  Price below the prior high pivot at 7043. The support trendline is at 6751 which was just tested in this last week’s move down. A close below 6692 would confirm any daily move lower.

Daily – Flat. The early week move down was from 6935 to 6776, then rallied hard to recoup most of the early week losses. Trade pressures are down but rising. Volumes are bullish.

The next target up is 7001. The expected overbought level rises to 7051.

A close below 6896 would signal lower. The expected oversold level declines to 6746.

[OB/OS trend is widening.] Expect increasing volatility.

__________________

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 reset to start at $100,000 for the 2026 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.
    Up 48% for the 2025 Year

Portfolio stock values for 2026. 
The portfolio value is up for the week, at $118,000.
The Year-to-Date portfolio performance is up 18%.

The S&P 500 YTD return is 1.90%

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH26

Weekly –  In the January 2026 uptrend.  Trade pressures are down. Volumes are bullish.

Daily – Long. In the new move up, but at the 200 MA resistance. Trade pressures are up, but turning down.  Volumes are now neutral.

The next target up is 98.40.  The expected overbought level rises to 98.42.

A close below 96.88 would signal lower. The expected oversold levels rise to 95.81.

[The OB/OS channel is rising.]

 

US30YR T-BOND_ USH26

Weekly – In the April 2025 uptrend, still testing the support at the October 2024 trendline.  Trade pressures are up into the neutral zone.  Volumes are now bearish.

Daily  – Long. In the new move up from 114-30 on 2/5/26.  Trade pressures are up.  Volumes are bullish.

The next target up is 116-20. Overbought levels rise to 116-02.

A close below 114-26 would signal lower.  Oversold levels rise to 114-04.

[The OB/OS channel is rising.]

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH26

Weekly – In the new January 2026 uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. In the chop. OVX in the 50’s. Trade pressures are down into the neutral zone.  Volumes are neutral.

A pullback below 63.00 would allow a new long entry. The expected overbought levels rise to 66.63.

A close below 63.24 would signal lower. The expected oversold level rises to 61.24.

[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_ NGH26

Weekly – In the new January 2025 uptrend, dramatically reversing the downtrend. Trade pressures are now up.  Volumes remain bullish.

Daily – Flat, Sold off hard, now forming a bear flag, setting up for a potential move down. Trade pressures are up.  Volumes are  bearish.

A close below 3.32 would signal lower. The expected oversold level declines to 3.01.

A close above 3.65 would signal higher. The expected overbought level declines to 4.30.

[OB/OS channel is declining.]

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH26

Weekly – In the October 2025 uptrend. Trade pressures are up but declining. Volumes are neutral .

Daily – Flat. In the move down from 6.17 on 1/30. Trade pressures are down.  Volumes closed bullish.

The next target down is 5.57. Tested this level but did not close below. The expected oversold levels decline to 5.70.

A close above 5.90 would signal higher. This is also resistance. The expected overbought levels decline to 6.22.

[OB/OS channel is declining.]

 

GOLD_ GCG26

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

Daily – Long. In the new move up from 4987.  Trade pressures are down.  Volumes remain bearish.

The next target up is 5130.  The expected overbought level declines to 5521.

A close below 4864 would signal lower. The expected oversold level declines to 4708.

[OB/OS channel is declining.]

[2-7-26: Set the SL at 4864.]  Watch the USD, negative correlation.

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend, but with a massive  correction. Trade pressures are down into the neutral zone.  Volumes are neutral.

Daily – Flat. The downtrend, moves to a low of 63.90 and recovers into the weekend. Trade pressures are down.  Volumes are now bullish.

The next target down is 65.29. May backtest the 83.80 level first. The oversold levels decline to 74

A close above 78.50 would signal higher. Overbought levels decline to 110.

[OB/OS channel is declining.]

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper ripped higher then collapsed. Now look for a re-entry long.. Gold and Silver crash back to support levels .

Crude is still a long, but took profits.  Natural Gas may test the 5.00 prior high.

The US 30yr Treasury in a new move up from 114-24.
The 10yr yields continue above 4.20%.  The expected oversold level for the 10yr yield rises to 4.17%

The US Dollar – after a significant move lower, now moving higher.

_________________

S&P 500 Futures   #ESH26

Monthly –Monthly bar still showing indecision. Trade pressures remain up. Volumes closed the month of December as bullish.  The 7036 price remains the adjusted high.  7208 is the next target up. A close below 6725 would confirm any weekly move lower.

Weekly – The weekly bar breaks back above the trendline resistance.  Trade pressures are down into the neutral zone. Volumes are bullish.  Price above the prior high pivot at 7013. The support trendline is at 6729. A close below 6769 would confirm any daily move lower.

Daily – Flat. In the move down from 6987 and testing the 6917 support. Trade pressures are down. Volumes remain bullish.

The next target down is 6863. The expected oversold level rises to 6845.

A close above 7008 would signal higher The expected overbought level declines to 7037.

[OB/OS trend is widening.] Increasing volatility.

__________________

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 reset to start at $100,000 for the 2026 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.
    Up 48% for the 2025 Year

Portfolio stock values for 2026. 
The portfolio value is down for the week on the metals decline, at $116,000.
The Year-to-Date portfolio performance is up 16%.

Alamos Gold (AGI) is replaced by Cardinal Health Inc. (CAH)  on Monday.

The S&P 500 YTD return is 1.80%

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH26

Weekly –  In the January 2026 uptrend.  Trade pressures are down. Volumes are bullish.

Daily – Long. In the new move up from 96.30 on 1/29/26. Trade pressures are down.  Volumes remain bearish.

The next target up is 97.24.  The expected overbought level declines to 97.88.

The next target down is 97.05. The expected oversold levels decline  to 95.40.

[The OB/OS channel is declining.] (Should change)

 

US30YR T-BOND_ USH26

Weekly – In the April 2025 uptrend, still testing the support at the October 2024 trendline.  Trade pressures are up into the neutral zone.  Volumes are now bearish.

Daily  – Long. In the new move up from 114-24 on 1/21/26.  Trade pressures are down.  Volumes remain neutral.

The next target up is 116-01. Overbought levels rise to 116-02.

A close below 114-26 would signal lower.  Oversold levels rise to 114-04.

[The OB/OS channel is rising.]

[looking for a pullback to enter.]

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH26

Weekly – In the new January 2026 uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Stopped out at 65.42. Need a pullback to re-enter. Trade pressures are up.  Volumes are bullish.

The next target up is 66.45. The expected overbought levels rise to 65.72.

A close below 63.60 would signal lower. The expected oversold level rises to 60.12.

[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_ NGH26

Weekly – In the new January 2025 uptrend, dramatically reversing the downtrend. Trade pressures are now up.  Volumes remain bullish.

Daily – Flat, ripped higher for the week, extending the high to 4.41. Trade pressures are up.  Volumes are now bullish.

The next target up is 4.70. The expected overbought level declines to 5.11.

A close below 3.91 would signal lower. The expected oversold level declines to 3.50.

[OB/OS channel is declining.]

[1-30-26: If long, SL at 3.91.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH26

Weekly – In the October 2025 uptrend, spiked to new highs and retraced. Trade pressures are up. Volumes are bullish .

Daily – Flat. Sold the spike over 6.58 at.6.22. Trade pressures are up but turning down.  Volumes closed bearish.

The next target down is 5.84. Tested this level but did not close below. The expected oversold levels rise to 5.79.

A close above 5.97 would signal higher. Some buying at the close. The expected overbought levels rise to 6.38.

[OB/OS channel is still rising.]

 

GOLD_ GCG26

Weekly – In the December 2023 uptrend; a wide ranging bar, 4700-5626.  Trade pressures remain up.  Volumes are bearish.

Daily – Flat. The selloff gives the entire move back, from 5620 to 4660.  Trade pressures are down.  Volumes are bearish.

A close above 4962 would signal higher.  The expected overbought level rises to 5574.

A close below 4728 would signal lower. Still in a downtrend.  The expected oversold level rises to 5008.

[OB/OS channel is rising.]

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend; a wide ranging bar, 74-121. Trade pressures remain up.  Volumes are bearish.

Daily – Flat. The hyperbolic move up to 121 crashes to close at 85. (At $5000 per big point) . Trade pressures are down.  Volumes are bearish.

The next target down is 74.47. May backtest the 87.00 level first. The oversold levels rise to 109

New high at 121.78. Overbought levels rise to 116.

[OB/OS channel is rising.]