Oil & Gas

#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 rallied but now are down into the neutral zone.  Volumes remain bearish.

The next target down is 66.78. The expected oversold level rises to 67.00.

A close above 72.11 would signal higher. The expected overbought levels declines to 74.19.

[OB/OS channel is widening.]
OVX (oil volatility) up to 45.

(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 are bullish.

Daily – Flat, Stopped out of the long at 3.23 on 7/9. Trade pressures are up.  Volumes are bearish.

The next target down is 2.47.  The expected oversold level declines to 2.90.

A close above 3.01 would signal higher. The expected overbought level declines to 3.19.

[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.

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU26, MHGU26

Weekly – In the October 2025 uptrend, selling down to support. Trade pressures are down. Volumes remain bearish.

Daily –Flat. The lower median line parallel failed at the 6.07 support. Attempting a breakout at 6.27. Trade pressures are up.  Volumes are now bullish.

The next target up is 6.46. The expected overbought levels rise to 6.28.

A close below 6.19 would resume the move down. The expected oversold levels rise to 5.96.

[OB/OS channel is rising.]

[7-10-26: Now looking for a new long entry at a break out of 6.27.]

 

GOLD_ GCQ26, MGCQ26

Weekly – In the June 2026 down trend.  Trade pressures remain down, rising slightly. Volumes remain bearish.

Daily – Flat. Consolidating at the 4013 target. Trade pressures are down but rising.  Volumes remain bullish.

The close above 4151 signals higher. The next target up is 4215. The expected overbought level rises to 4198.

A close below 4020 would signal lower. The expected oversold level declines to 3900.

[OB/OS channel is widening.]  GVX @ 28 = chop zone.

[7-10-26: Gold is a preferred asset class in Quad 4 (slowing GDP and slowing inflation). But, don’t want to trade long against the weekly downward pressures or, the rising dollar. no entry.]

 

SILVER_ SIU26

Weekly – In the June 2026 downtrend. Trade pressures are down.  Volumes remain bearish.

Daily – Flat. In a new move up off the 56.13 low pivot on 6/26 is stalling. Trade pressures are down.  Volumes are now bearish.

The next target up is 63.21, and a new long entry. Overbought levels decline to 64.

A close below 60.30 would signal lower.  The oversold levels rise to 56.

[OB/OS channel is narrowing.]

S&P 500 Futures

#emini #spfutures #SP500 #ES, #MES

Market Summary:

Copper finds support at 6.09. Gold and silver breakout of their bull flags.

Crude basing. Natural Gas in the third leg up.

The US 30yr Treasury down as the 10yr yield rises to 4.48%.
The expected overbought level for the 10yr yield declines to 4.46%.

The US Dollar – The USD remains a Long; but testing the 100.30 support.

_________________

S&P 500 Futures   #ESU26, #MESU26

Monthly –Monthly bar down off the prior month highs. Trade pressures remain up,  Volumes closed the month of June as bullish.  The 7694 price remains the adjusted high.  The next target up is 8684. A close below 7384 would confirm any weekly move lower.

Weekly – The weekly bar rallies to reclaim the prior week move down into the 4th of July holiday.  Trade pressures remain up. Volumes are bearish.  The next target up is 7713. A close below the 7325 support would confirm any daily move lower.

Daily – Flat.  The move down from 6/15 has been recovered, but needs to break above the 6/1 downtrend line at 7580 . Trade pressures are up but declining,  Volumes are bearish.

The next target down is 7384. The expected oversold level rises to 7296.

A close above 7580 would signal higher, but is higher than the OB. The expected overbought level declines to 7565.

[OB/OS trend is narrowing.]
The VIX closes below 19, at 15.81 indicating market is moving toward trending.
The Hedgeye.com VIX risk range is 15.52 – 19.99.

[7-3-26: Market appears to be staying between the OB/OS limits.] [ which would suggest the OB is likely resistance.]

__________________

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 $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 up for the week, at $175,000.
The Year-to-Date portfolio performance is up 75%.

The Hedgeye.com GDP nowcast has rising GDP growth, then slowing in the 3rd quarter then re-accelerating in the 4th quarter. Up 75% in the Navellier Top 5 for the first half of 2026 warranted profit taking.  Now all cash for the summer; re-entering approaching the 4th quarter, or re-entering if Navellier adds more defensive names.

The S&P 500 YTD return is 9.52%

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU26

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

Daily – Long. Rates rising, inflation moderating. Resistance at 101. Trade pressures are down.  Volumes are now bearish.

The next target up is 101.97. The expected overbought level declines to 101.99.

A close below 100.17 would signal lower. The expected oversold levels rises to 100.56.

[The OB/OS channel is narrowing.]

[7-3-26: Hold the long.  SL at 100.28]

 

US30YR T-BOND_ USU26

Weekly – In the March 2026 downtrend, but rising.  Trade pressures are up.  Volumes are bullish.

Daily  – Flat. Stopped out of the long trade at 113-04 on 6/30. Now consolidating at 112-06.  Trade pressures are down.  Volumes are bearish.

The next target down is 111-19. Oversold levels rise to 112-12.

A close above 113+-05 would signal higher. Overbought levels decline to 114-23.

[The OB/OS channel is narrowing.]

 

Hedgeye indicates lower inflation resulting in no rate increases and is showing up in the longer end of the yield curve. when it shows up in the 2yr then markets will react. 10yr yields rise to 4.48%. The yield overbought level declines to 4.46.

Oil & Gas

#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 66.33. The expected oversold level declines to 66.95.

A close above 69.70 would signal higher. The expected overbought levels declines to 75.22.

[OB/OS channel is declining.]
OVX (oil volatility) down to 42.

(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 are bullish.

Daily – Flat, Stopped out of the long at 3.25 on 6/29. In a new move up from 3.23 on 7/3. Trade pressures are up.  Volumes are bearish.

The next target up is 3.31. The expected overbought level declines to 3.36.

A close below 3.18 would signal lower.  The expected oversold level rises to 3.08.

[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.

[7-3-26:  Set a SL at 3.18]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU26, MHGU26

Weekly – In the October 2025 uptrend, selling down to support. Trade pressures are down. Volumes remain bearish.

Daily –Flat. The lower median line parallel holds support at 6.07. Trade pressures are up.  Volumes are bearish.

The next target down is 6.09. The expected oversold levels decline to 5.84.

A close above  6.22 would signal higher. The expected overbought levels rise to 6.24.

[OB/OS channel is widening.]

[7-3-26: Now looking for a new long entry at a break out of 6.32; weekly permitting.]

 

GOLD_ GCQ26, MGCQ26

Weekly – In the June 2026 down trend.  Trade pressures remain down, rising slightly. Volumes are bearish.

Daily – Flat. Support now at the 4013 target. Trade pressures are up.  Volumes are bullish.

The close above 4151 signals higher. The next target up is 4215. The expected overbought level declines to 4192.

A close below 4139 would signal lower. The expected oversold level declines to 3908.

[OB/OS channel is declining.]  GVX @ 28 = chop zone.

[7-3-26: Gold is a preferred asset class in Quad 4. But, don’t want to trade long against the weekly downward pressures or, the rising dollar. no entry.]

 

SILVER_ SIU26

Weekly – In the June 2026 downtrend. Trade pressures are down.  Volumes remain bearish.

Daily – Flat. In a new move up off the 56.13 low pivot on 6/26. Trade pressures are up.  Volumes are now bullish.

The next target up is 63.21, and a new long entry. Overbought levels rise to 65.

A close below 61.78 would signal lower.  The oversold levels rise to 55.

[OB/OS channel is rising.]

 

 

S&P 500 Futures

#emini #spfutures #SP500 #ES, #MES

Market Summary:

Copper finds support at 5.99. Gold and silver have will test the breakout of their bull flags.

Crude basing. Natural Gas in the second leg up.

The US 30yr Treasury Long and higher as the 10yr yield declines to 4.37%.
The expected overbought level for the 10yr yield declines to 4.50%.

The US Dollar – The USD is a Long; but testing the 100.80 support.

_________________

S&P 500 Futures   #ESU26, #MESU26

Monthly –Monthly bar down off the highs. Trade pressures remain up,  Volumes closed the month of May as bullish.  The 7694 price is the adjusted high.  The next target up is 8684. Very near a close below 7384 would confirm any weekly move lower.

Weekly – The weekly bar forms a lower high at 7658 and down this week.  Trade pressures remain up. Volumes are now bearish.  The next target up remains 7666. A close below the 7325 support would confirm any daily move lower.

Daily – Flat.  In the move down off the lower high on 6/15 . Trade pressures are down,  Volumes are bearish.

The next target down is 7325. The expected oversold level rises to 7286.

A close above 7445 would signal higher. The expected overbought level declines to 7568.

[OB/OS trend is narrowing.]
The VIX closes below 19, but rising; at 18.40 indicating market is moving toward chop.
The Hedgeye.com VIX risk range is 15.62 – 21.49.

[6-19-26: Market appears to be staying between these OB/OS limits.]

__________________

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 $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 up for the week, at $175,000.
The Year-to-Date portfolio performance is up 75%.

The Hedgeye GDP nowcast has rising GDP growth, then slowing in the 3rd quarter then re-accelerating in the 4th quarter. Up 75% in the Navellier Top 5 for the first half of 2026 warrants profit taking.  Now all cash for the summer; re-entering approaching the 4th quarter, or re-entering if Navellier adds more defensive names.

The S&P 500 YTD return is 7.48%

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU26

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

Daily – Long. Rates declining, inflation moderating. Resistance at 101. Trade pressures are up but declining.  Volumes are now neutral.

The next target up is 101.97. The expected overbought level rises to 102.23.

A close below 100.75 would signal lower. The expected oversold levels rises to 100.17.

[The OB/OS channel is rising.]

[6-27-26: Set the SL at 100.28]

 

US30YR T-BOND_ USU26

Weekly – In the March 2026 downtrend, but rising.  Trade pressures are up.  Volumes are bullish.

Daily  – Long. Closed above 112-09 on 6/12.  Trade pressures are up but showing a lower high.  Volumes remain bullish.

The next target remains 114-23. Overbought levels decline to 114-23.

A close below 113-11 would signal lower. Oversold levels rise to 112-12.

[The OB/OS channel is narrowing.]

[6-19-26: Set the SL at 113-04.]

Hedgeye indicates lower inflation resulting in no rate increases and is showing up in the longer end of the yield curve. when it shows up in the 2yr then markets will react. 10yr yields decline to 4.37%. The yield overbought level declines to 4.50.

Oil & Gas

#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]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU26, MHGU26

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

Daily –Flat. Sold down to the lower median line parallel at 5.99 on 6/24. Trade pressures are down, but rising.  Volumes remain bullish.

The next target down is 6.09. The expected oversold levels decline to 5.84.

A close above  6.22 would signal higher. The expected overbought levels decline to 6.24.

[OB/OS channel is declining.]

[6-27-26: Looking for a new long entry near 6.09, weekly permitting.]

 

GOLD_ GCQ26, MGCQ26

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

Daily – Flat. Lower, new support at the 4013 target. Trade pressures are down.  Volumes are bearish.

The next target down is 4013. The expected oversold level declines to 3921.

A close above 4141 would signal higher.  The expected overbought level declines to 4230.

[OB/OS channel is declining.]  GVX  27.10 –  chop zone.

[6-27-26: Don’t want to trade long against the weekly downward pressures (or, the rising dollar). no entry.]

 

SILVER_ SIU26

Weekly – In the June 2026 downtrend. Trade pressures are down.  Volumes remain bearish.

Daily – Flat. Continues the move down, breaking the 200 day MA. Trade pressures are down, but rising.  Volumes are now bullish.

The next target down is the 52.72.  The oversold levels decline to 53

A close above 60.00 would signal higher. Overbought levels decline to 64.

[OB/OS channel is declining.]

[6-27-26: Very oversold]