CRUDE_ CLG26
Weekly – In the December 2025 downtrend. Trade pressures are now up. Volumes are now bullish.
Daily – Long. In the move up from 58.62 on 1/9/26. Breaks above the June 25 downtrend line. Trade pressures are up. Volumes are bullish.
The next target up is 62.48. The expected overbought levels rise to 58.99.
A close below 57.84 would signal lower. The expected oversold level rises to 55.88.
[1/10/26: Set the SL at 57.84.]
[1-13-26: at the 61.31 target. Raise the SL to 58.50.]
[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 January 2025 downtrend; breaking 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 3.05. The expected oversold level declines to 3.05.
A close above 3.55 would signal higher. The expected overbought level declines to 3.87.
[OB/OS channel is declining.]