#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.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM26

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

Daily – Flat. Continues lower amid rally attempts. Trade pressures are down.  Volumes are now bearish.

The next target down is 75.66. The expected oversold level declines to 83.46.

A close above 86.98 would signal higher. The expected overbought levels rise to 119.97.

[OB/OS channel is widening.] expect increasing volatility.
OVX (oil volatility) drops to 69; still choppy.

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

 

NAT GAS_ NGK26

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

Daily – Flat, Testing for a new move at the 2.70 level.  Trade pressures are rising into the neutral zone.  Volumes are neutral.

A close above 2.70 would signal higher. The expected overbought level declines to 2.86.

The next support down is 2.63.  The expected oversold level declines to 2.47.

[OB/OS channel is declining.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLK26

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

Daily – Flat. The prior uptrend crashed to 84, now moving higher . Trade pressures are down.  Volumes are now neutral.

A close below 90.46 would signal lower. The expected oversold level rises to 98.95.

a close above 98.90 would signal higher. The expected overbought levels rise to 116.84.

[OB/OS channel is rising.]
OVX (oil volatility) drops to 78; still choppy.   Daily ranges are too wide.

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

 

NAT GAS_ NGK26

Weekly – In the January 2025 uptrend. Trade pressures are near support.  Volumes are bearish.

Daily – Flat, Declining in a channel to the 200 day MA. Trade pressures are down.  Volumes remain bearish.

In the move down from 2.90 on 3/30. The next target down is 2.43.  The expected overbought level declines to 2.96.

A close above 2.70 would signal higher. The expected oversold level declines to 2.62.

[OB/OS channel is declining.]

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLK26

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

Daily – Flat. The prior uptrend crashed to 84, now moving higher . Trade pressures are up.  Volumes are now bullish.

The next target up is 106.18. The expected overbought levels rise to 101.33.

A close below 95.11 would signal lower. The expected oversold level rises to 87.52.

[OB/OS channel is rising.]
OVX (oil volatility) rises to 96; very high risk.   No trade.

(One of the larger components measuring inflation. The Hedgeye inflation nowcast now expects higher inflation in the 2nd quarter 2026.)

 

NAT GAS_ NGK26

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

Daily – Flat, Rising in a sideways channel between 2.80 and 3.30. Trade pressures are up.  Volumes remain bearish.

In the move up from 2.95. The next target up is 3.17.  The expected overbought level declines to 3.20.

A close below 3.00 would signal lower. The expected oversold level declines to 2.83.

[OB/OS channel is declining.]

[3-27-26: Watch for rising volumes.]

[3-29-26: Sunday evening open down hard. Missed the 3.00 short entry.]

#crudeoilfutures #naturalgasfutures

CRUDE_ CLK26

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

Daily – Flat. A new uptrend from 98.02 on 3/20. Trade pressures are up.  Volumes remain bullish.

The next target up is 103.73. The expected overbought levels decline to 102.74.

A close below 91.75 would signal lower. The expected oversold level rises to 86.22.

[OB/OS channel is narrowing.]
OVX (oil volatility) declines to 91; still very high risk.   No trade.

(One of the larger components measuring inflation. The Hedgeye inflation nowcast now expects higher inflation in the 2nd quarter 2026.)

 

NAT GAS_ NGJ26

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

Daily – Flat, In the downtrend. Trade pressures are up.  Volumes are bearish.

The next target down is 3.02 . The expected oversold level rises to 2.91.

A close above 3.12 would signal higher.  The expected overbought level declines to 3.41.

[OB/OS channel is widening.]

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLJ26

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

Daily – Flat. After the pullback from the highs, a new move up from 90.70 on 3/11. Trade pressures are up.  Volumes are bullish.

The next target up is 104.67. The expected overbought levels rise to 103.14.

A close below 91.75 would signal lower. The expected oversold level rises to 83.08.

[OB/OS channel is rising.]
OVX (oil volatility) is 119; very high risk.   No trade.

(One of the larger components measuring inflation; and the Hedgeye inflation nowcast now expects higher inflation in the 2nd quarter 2026.)

 

NAT GAS_ NGJ26

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

Daily – Flat, Breaks down below the median line. Trade pressures are in the neutral zone.  Volumes remain bullish.

The next target down is 2.80 2.98. The expected oversold level rises to 2.82.

A close above 3.19 would signal higher.  The expected overbought level rises to 3.44.

[OB/OS channel is rising.]

[3-17-26: Long at 3.08. SL at 2.99.][PM: Raise the SL to 3.01]

[3-18-26: Stopped out at 3.01.]

 

#crudeoilfutures #naturalgasfutures

CRUDE_ CLJ26

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

Daily – Flat. Massive move up from 66 to 90 on the attack on Iran and the Straits of Hormuz. Trade pressures are up.  Volumes remain bullish.

Price is above the OB level; expect some pullback. The expected overbought levels rise to 86.11.

A close below 87.69 would signal lower. The expected oversold level rises to 70.22.

[OB/OS channel is rising.] OVX (oil volatility) is 103; very high. No trade.

(One of the larger components measuring inflation; and the Hedgeye inflation nowcast expects lower inflation in the 2nd quarter 2026. With this move up the inflation forecasts will have to be adjusted.)

 

NAT GAS_ NGJ26

Weekly – In the new January 2025 uptrend, pulling back below the trendline. Trade pressures are in the neutral zone.  Volumes are bullish.

Daily – Flat, Breaks up and out of the bull flag. Trade pressures are up.  Volumes are now bullish.

The next target up is 3.37.  The expected overbought level declines to 3.20.

The next target down is 2.78. The expected oversold level rises to 2.73.

[OB/OS channel is narrowing.] lower volatility coming, early trend?

[3-6-26: tight stops for any long long trades at 3.11.]