#crudeoilfutures #naturalgasfutures

CRUDE_ CLQ26

Weekly – In the new June 2026 down trend. Trade pressures remain down. Volumes remain bearish.

Daily – Flat. Remains in the move down from 92.53 on 6/05. Trade pressures remain down.  Volumes remain bearish.

The next target down is 65.36. The expected oversold level declines to 66.95.

A close above 71.84 would signal higher. The expected overbought levels declines to 75.22.

[OB/OS channel is declining.]
OVX (oil volatility) down to 46.

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation declining into the July meeting. Declining inflation occurs in both Quad 4 (defensive) and Quad 1 (goldilocks).)

 

NAT GAS_ NGQ26

Weekly – In the January 2025 uptrend. Trade pressures remain in the neutral zone.  Volumes remain neutral.

Daily – Long, After reaching 3.37 now in a pullback to 3.27.  Trade pressures are up.  Volumes remain bullish.

The next target up is 3.52. The expected overbought level rises to 3.49.

A c;lose below 3.25 would signal lower.  The expected oversold level rises to 3.06.

[OB/OS channel is rising.]
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.

[6-27-26:  Set SL at 3.25]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLQ26

Weekly – In the January 2026 uptrend. Trade pressures remain down. Volumes remain bearish.

Daily – Flat. Remains in the move down from 92.53 on 6/05. Trade pressures remain down.  Volumes remain bearish.

The next target down is 71.54. The expected oversold level declines to 70.16.

A close above 80.00 would signal higher. Seeing some buying at the 75 level. The expected overbought levels declines to 83.16.

[OB/OS channel is declining.]
OVX (oil volatility) down to 51.

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation declining into the July meeting. Declining inflation occurs in both Quad 4 (defensive) and Quad 1 (goldilocks).)

 

NAT GAS_ NGN26

Weekly – In the January 2025 uptrend. Trade pressures are down into the neutral zone.  Volumes remain neutral.

Daily – Long, After a pullback to 3.02; in a new move up from 3.10 on 6/15.  Trade pressures are up.  Volumes are bullish.

The next target up is 3.24. The expected overbought level rises to 3.32.

A c;lose below 3.10 would signal lower.  The expected oversold level rises to 3.01.

[OB/OS channel is rising.]
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.

[6-19-26: OB/OS channel pointing up. Set SL at 3.14]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLN26

Weekly – In the January 2026 uptrend. Trade pressures remain down. Volumes remain bearish.

Daily – Flat. Remains in the move down from 92.53 on 6/05. Trade pressures remain down.  Volumes remain bearish.

The next target down is 78.12. The expected oversold level declines to 83.02.

A close above 87.65 would signal higher. The expected overbought levels declines to 92.09.

[OB/OS channel is declining.]
OVX (oil volatility) down to 54.

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation declining into the July meeting.)

 

NAT GAS_ NGN26

Weekly – In the January 2025 uptrend. Trade pressures are down into the neutral zone.  Volumes are now neutral.

Daily – Flat, In a new move up from 3.13 on 6/12.  Trade pressures are down.  Volumes are bearish.

The next target up is 3.24. The expected overbought level declines to 3.27.

A c;lose below 3.10 would signal lower.  The expected oversold level declines to 2.90.

[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.

[6-13-26: OB/OS channel pointing down. Weekly is in a neutral posture. Wait for reversal to enter.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLN26

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

Daily – Flat. Remains in the move down from 101.70 on 5/20. Trade pressures are down.  Volumes remain bearish.

The next target down is 87.57. The expected oversold level declines to 87.26.

A close above 94.18 would signal higher. The expected overbought levels declines to 97.93.

[OB/OS channel is declining.]
OVX (oil volatility) holds at 57.

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation rising above 4% in June 17th FED report of May then declining into the July meeting.)

 

NAT GAS_ NGN26

Weekly – In the January 2025 uptrend. Trade pressures are now up.  Volumes remain bearish.

Daily – Flat, Stopped out of 3.10 long at 3.22 on 6/5.  Trade pressures are up.  Volumes are are now neutral.

The next target down is 3.16.  The expected oversold level rises to 3.04.

A close above 3.26 would signal higher. The expected overbought level rises to 3.52.

[OB/OS channel is rising.]
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.

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLN26

Weekly – In the January 2026 uptrend. Trade pressures remain up, but declining to near neutral. Volumes are neutral.

Daily – Flat. Remains in the move down from 101.70 on 5/20. Trade pressures are down.  Volumes remain bearish.

The next target down is 84.96. The expected oversold level declines to 95.73.

A close above 90.83 would signal higher. The expected overbought levels declines to 99.83.

[OB/OS channel is declining.]
OVX (oil volatility) at 57.

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation rising in the 2nd thru the 4th quarters of 2026.)

 

NAT GAS_ NGN26

Weekly – In the January 2025 uptrend. Trade pressures are now up.  Volumes are now bearish.

Daily – Long, The January bull flag breakout at 2.99 on 5/18 pulled back and then up thru 3.10 new entry; is now moving higher.  Trade pressures are up.  Volumes are bullish.

The next target up is 3.53. The expected overbought level rises to 3.44.

A close below 3.22 would signal lower.  The expected oversold level rises to 2.96.

[OB/OS channel is narrowing.]
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.

[5-30-26: Set a SL at 3.22.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLN26

Weekly – In the January 2026 uptrend. Trade pressures remain up, but declining to near neutral. Volumes are neutral.

Daily – Flat. The l04.53 target provided resistance. Now in the move down from 101.70 on 5/20. Trade pressures are down.  Volumes are bearish.

The next target down is 94.08. The expected oversold level declines to 95.73.

A close above 99.93 would signal higher. The expected overbought levels declines to 99.83.

[OB/OS channel is declining.]
OVX (oil volatility) at 76; still high.

[5-24-26: CL down 4.85 in the Sunday nite session.]

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation rising in the 2nd thru the 4th quarters of 2026.)

 

NAT GAS_ NGN26

Weekly – In the January 2025 uptrend. Trade pressures are now up.  Volumes are now bearish.

Daily – Flat, The January bull flag breakout at 2.99 on 5/18 is backtesting the January lower median line.  Trade pressures are down.  Volumes are bearish.

2.98 is providing resistance. The expected overbought level declines to 3.11.

A close below 2.85 would signal lower.  The expected oversold level rises to 2.85.

[OB/OS channel is narrowing.]
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.

[5-23-26: Set a SL at 2.98.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM26

Weekly – In the January 2026 uptrend. Trade pressures remain up, but declining to near neutral. Volumes remain bearish.

Daily – Flat. Short trade stopped out at the 97.05 level. Now in the move up from 97.27 on 5/14. Trade pressures are up.  Volumes remain bullish.

The next target up is 104.53. The expected overbought levels rises to 108.64.

A close below 99.21 would signal lower. The expected oversold level rises to 98.96.

[OB/OS channel is rising.] expect increasing volatility.
OVX (oil volatility) holding at 73; still high.

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation rising in the 2nd thru the 4th quarters of 2026.)

[5-18-26: Lesson: Don’t trade against the channel direction.] [Set the SL at 100.54]

 

NAT GAS_ NGM26

Weekly – In the January 2025 uptrend. Trade pressures are now up.  Volumes are now neutral.

Daily – Flat, Breaking out of the January bull flag at 2.99 on 5/18.  Trade pressures are up.  Volumes are bullish.

The target at 3.06 is providing resistance. The expected overbought level rises to 3.14.

A close below 2.73 would signal lower.  The expected oversold level rises to 2.82.

[OB/OS channel is rising.]
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.

[5-18-26: Set a SL at 2.96.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM26

Weekly – In the January 2026 uptrend. Trade pressures remain up, but declining to near neutral. Volumes are are now bearish.

Daily – Short. Rallied to resistance. In the mve down from 102.82 on 5/5. Trade pressures down.  Volumes are now bullish.

The next target down is 93.58, which is also support. The expected oversold level declines to 91.01.

A close above 97.92 would signal higher. The expected overbought levels declines to 107.88.

[OB/OS channel is rising.] expect increasing volatility.
OVX (oil volatility) holding at 72; still high.

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation rising in the 2nd thru the 4th quarters of 2026.)

[5-8-26: Set the SL at 97.05.]

 

NAT GAS_ NGM26

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

Daily – Flat, The move up started at 2.67. Back-tested the entry on 5/7, then higher again. Trade pressures are up.  Volumes are bearish.

The next target up is 2.85 resistance. The expected overbought level rises to 2.91.

A close below 2.73 would signal lower.  The expected oversold level rises to 2.61.

[OB/OS channel is rising.]
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. Currently an overproduction of gas and diesel has created a natural gas glut; driving prices down.

[5-8-26: Set a SL at 2.73.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM26

Weekly – In the January 2026 uptrend. Trade pressures remain up, but declining to near neutral. Volumes are remain neutral.

Daily – Flat. Now at OB levels. Selling off into the weekend. Trade pressures are up, but turning down.  Volumes are now neutral.

The next target up is 112.23. The expected overbought levels rises to 110.22.

The next target down is 99.62, which is also support. The expected oversold level rises to 96.11.

[OB/OS channel is rising.] expect increasing volatility.
OVX (oil volatility) holding at 75; still very high.

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation rising in the 2nd thru the 4th quarters of 2026.)

[5-4-26: Hormuz news related rally. OVX rises to 80. No trade.]

 

NAT GAS_ NGM26

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

Daily – Flat, The move up starts at 2.67.  Trade pressures are up.  Volumes are bullish.

The next target up is 2.81 resistance, then the 2.90’s. The expected overbought level rises to 2.86.

A close below 2.71 would signal lower.  The expected oversold level rises to 2.51.

[OB/OS channel is rising.]
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. Currently an overproduction of gas has created a glut; driving prices down.

[5-4-26: Rises to the resistance at 2.90.]

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM26

Weekly – In the January 2026 uptrend. Trade pressures remain up, but declining. Volumes are now neutral.

Daily – No Trade, Flat. In the rally off the 86.98 long entry. Trade pressures are up.  Volumes are bullish.

The next target up is 99.52. The expected overbought levels declines to 100.99.

The next target down is 92.60, which is also the short entry. The expected oversold level rises to 84.04.

[OB/OS channel is narrowing.] expect decreasing volatility.
OVX (oil volatility) rises to 75; still choppy.

(One of the larger components used to measure inflation. The Hedgeye inflation nowcast now expects rising inflation in the 2nd thru the 4th quarters of 2026.)

[4-30-26: Remains in the uptrend. At upside resistance at 109. At the 109 OB level.]

 

NAT GAS_ NGK26

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

Daily – Flat, The new move up failed with a break below 2.80, now 2.68.  Trade pressures are down.  Volumes are bearish.

The next target down is 2.65.  The expected oversold level rises to 2.50.

A close above 2.70 would signal higher. The expected overbought level declines to 2.80.

[OB/OS channel is narrowing.]
A glut of natural gas comes from the rise in oil production. Natural gas production as a ratio of oi production has been rising, amounting to 47% of the permian basin oil production in 2024.

[4-30-26: Rally off the lower median line parallel at 2.61.]