Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV26

Weekly – In the new June 2026 down trend. Trade pressures are up. Volumes are now bullish.

Daily – Flat. In the move up from 82.29 on 8/17. Trade pressures are up.  Volumes are bullish, albeit on declining volume.

At. 84.24. The next target up is 86.40. The expected overbought levels rise to 87.22.

A close below 82.68 would signal lower. The expected oversold level rises to 76.49.

[OB/OS channel is rising.]
OVX (oil volatility) down to 49.

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

 

NAT GAS_ NGU26

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

Daily – Flat, In the move up from 2.74 on 8/18. Trade pressures up into the neutral zone.  Volumes are bullish.

The next target up is 2.89. The expected overbought level rises to 2.85.

The next target down is 2.46.  The expected oversold level declines to 2.52.

[OB/OS channel is widening.]

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. Trade pressures are up, but declining. Volumes are bullish.

Daily –Flat. The short entry at 6.66 on 8/7 has been stopped out at the entry price on 8/11. Made a lower high on 8/17 and continues lower. Trade pressures are down.  Volumes remain bearish.

The next target down is 6.39. The expected oversold levels rise to 6.45.

A close above 6.64 would signal higher. The expected overbought levels declines to 6.71.

[OB/OS channel is narrowing.]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the June 2026 down trend, should test resistance.  Trade pressures are up. Volumes remain bullish.

Daily – Flat. Continues the move up from the 4133 trigger on 8/4. Trade pressures are up.  Volumes are bullish.

Price at the next target up – 4500, and above OB. The expected overbought level rises to 4475.

A close below 4338 would signal lower. The expected oversold level rises to 4246.

[OB/OS channel is rising.]  GVX @ 24 = investable.

[8-18-26: Take profit at the 4410 level.]

 

SILVER_ SIU26

Weekly – In the June 2026 downtrend. Trade pressures are up.  Volumes remain bullish.

Daily – Flat. In a new move down from 65 on 8/18. Wait for a pullback enter short. Trade pressures are down into the neutral zone.  Volumes are bearish.

The next target down is 62.41. The oversold levels rise to 61.

A close above 65.39 would signal higher.  Overbought levels rise to 68.

[OB/OS channel is rising.]

 

S&P 500 Futures

#emini #spfutures #SP500 #ES, #MES

Market Summary:

Copper now at resistance. Gold and Silver breakout. Gold is OB.

Crude setting up for a new move up. Natural Gas remains in downtrend.

The US 30yr Treasury basing as the 10yr yield declines to 4.66%.
The expected overbought level for the 10yr yield declines to 4.74%.

The US Dollar – The USD in a new short, but near OS.

_________________

S&P 500 Futures   #ESU26, #MESU26

Monthly –Monthly bar breaks out to new highs. Trade pressures remain up,  Volumes closed the month of July as bullish.  The 7820 price is the new high.  The next target up is 8684.  A close below 7489 would confirm any weekly move lower.

Weekly – The weekly bar rises into a new uptrend.  Trade pressures remain up, but declining. Volumes remain bullish.  The next target up is 7963. A close below the 7625 would confirm any daily move lower.

Daily – Flat.  From 7486 on 7/31, out with profit stop hit at 7550.  Trade pressures are up,  Volumes remain bullish.

The next target up is 7810. The expected overbought level rises to 7826.

A close below 7718 would signal lower. The expected oversold level rises to 7375.

[OB/OS trend is rising.]
The VIX closes below 19, at 14.90 indicating market is investable.
The Hedgeye.com VIX risk range is 14.74 – 17.98.

[8-7-26: Set any SL at 7718.]

__________________

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 is up to $180,000.
The Year-to-Date portfolio performance is up 80%.

The Hedgeye.com GDP nowcast has GDP growth slowing and inflation rising (Quad 3) in the 3rd quarter, re-accelerating in the 4th quarter and slowing once again in the 1st quarter of 2027.
6/26 – Now all cash for the summer; re-entering late July or early August, or re-entering if Navellier adds more defensive names.
7/25 – Quad shift (GDP and Inflation) to Quad 3 from a Quad 4 is likely in early August. Will look to re-enter positions.
8/2    – Re-entering the new Top 5 at the next open. CIEN, DINO, ENLT, MU, STX.

The S&P 500 YTD return is 12.63%

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU26

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

Daily – Short. In the move below 101.06.  Trade pressures are down.  Volumes are neutral.

The next target down is 98.92. The expected oversold levels decline to 99.01.

A close above 99.61 would signal higher. The expected overbought level declines to 100.71.

[The OB/OS channel is declining.]

 

US30YR T-BOND_ USU26

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

Daily  – Flat. Stopped out of the long trade at 109-06 on 8/7. Trade pressures are down into the neutral zone..  Volumes are bearish.

The next long entry is 109-06. Overbought levels rise to 111-01.

A close below 109-02 would signal lower. Oversold levels rise to 108-08.

[The OB/OS channel is rising.]

[8-7-26:   Set SL at 109-01.]

10yr yields decline to 4.66%. The yield overbought level rises to 4.74.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU26

Weekly – In the new June 2026 down trend, resistance holds. Trade pressures are down. Volumes are now neutral.

Daily – Short. Rally fails. In the move down from 83.16 on 8/4. Trade pressures are up into the neutral zone.  Volumes remain neutral.

At 76.18. The next target down is 73.76. The expected oversold level declines to 72.63.

A close above 79.58 would signal higher. The expected overbought levels decline to 82.60.

[OB/OS channel is declining.]
OVX (oil volatility) up to 55.

[8-7-26: 2 hour trend has changed to up. Set the SL at 79.58.]

[8-10-26: Stopped out at 79.58.]

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

 

NAT GAS_ NGU26

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

Daily – Flat, In the move down from 2.96 on 7/10. Trade pressures are down but turning up.  Volumes are neutral.

The next target down is 2.46.  The expected oversold level declines to 2.55.

A close above 2.82 would signal higher. The expected overbought level declines to 2.79.

[8-7-26: OS levels are declining. 2Hr Trend has changed to up. Set any SL at 2.72.]

[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. Trade pressures are up. Volumes are bearish.

Daily –Flat. Rallied to 6.86 with no pullback. The short entry at 6.66 on 8/7 has been triggered. Trade pressures are up, but declining.  Volumes are now bearish.

The next target down is 6.47. The expected oversold levels rise to 6.40.

A close above 6.71 would signal higher. The expected overbought levels rise to 6.85.

[OB/OS channel is rising.]

[8-7-26: If short, then the SL is the entry at 6.66]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the June 2026 down trend.  Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Long. In the new move up from the 4133 trigger on 8/4. Trade pressures are up.  Volumes are bullish.

The next target up is 4407. The expected overbought level rises to 4331.

A close below 4338 would signal lower. The expected oversold level rises to 4103.

[OB/OS channel is narrowing.]  GVX @ 25 = investable.

[8-5-26: got the breakout.]

 

SILVER_ SIU26

Weekly – In the June 2026 downtrend. Trade pressures remain down, but rising.  Volumes are now bullish.

Daily – Flat. In the new move up from 62 on 8/7.  Trade pressures are up.  Volumes are bullish.

The next target up is 69.17.  Overbought levels rise to 65.

A close below 62.61 would signal lower. The oversold levels rise to 57.

[OB/OS channel is rising.]

[8-7-26: Set the SL at 62.61.]

[8-10-26: Raise the SL to 64.96]

[8-11-26: Stopped out for a gain.]

S&P 500 Futures

#emini #spfutures #SP500 #ES, #MES

Market Summary:

Copper still in second leg up. Gold and Silver rally fails; remains in the consolidation area.

Crude  pulls back from 92 OB. Natural Gas is oversold.

The US 30yr Treasury continues down as the 10yr yield rises to 4.75%.
The expected overbought level for the 10yr yield rises to 4.75%.

The US Dollar – The USD in a new short, but OS.

_________________

S&P 500 Futures   #ESU26, #MESU26

Monthly –Monthly bar continues lower off the prior month highs; now a spinning top. Trade pressures remain up,  Volumes closed the month of July 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 rising to back test the trend breakdown.  Trade pressures remain up, but declining. Volumes are now bullish.  The next target down is 7325. The close below the 7500 median line support did confirm the daily move lower. A close above 7587 would confirm a daily move higher.

Daily – Long.  Stopped out of the short trade and closed above 7486 pon 7/31.  Trade pressures are up,  Volumes are now bullish.

The next target up is 7588. The expected overbought level rises to 7538.

A close below 7446 would signal lower. The expected oversold level declines to 7316.

[OB/OS trend is widening.]
The VIX closes below 19, at 15.90 indicating market is investable.
The Hedgeye.com VIX risk range is 15.79 – 20.56.

[8-2-26: Set the SL at 7476. Take profits at 7538.] [Sunday session opened at 7550. Profit stop triggered.]

__________________

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 is in all cash, at $175,000.
The Year-to-Date portfolio performance is up 75%.

The Hedgeye.com GDP nowcast has GDP growth slowing in the 3rd quarter, re-accelerating in the 4th quarter and slowing once again in the 1st quarter of 2027.
Up 75% in the Navellier Top 5 for the first half of 2026 warranted profit taking.

6/26 – Now all cash for the summer; re-entering late July or early August, or re-entering if Navellier adds more defensive names.
7/25 – Quad shift (GDP and Inflation) to Quad 3 from a Quad 4 is likely in early August. Will look to re-enter positions.
8/2    – Re-entering the new Top 5 at the next open. CIEN, DINO, ENLT, MU, STX.

The S&P 500 YTD return is 8.65%

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU26

Weekly –  In the March 2026 uptrend. Trade pressures are down to the neitral zone. Volumes are now bearish.

Daily – Short. In the move below 101.06.  Trade pressures are down.  Volumes are neutral.

The next target down is 99.66. The expected oversold levels decline to 99.76.

The next target up is 100.39. The expected overbought level rises to 102.01.

[The OB/OS channel is narowing.]

 

US30YR T-BOND_ USU26

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

Daily  – Long. In the move up from 109-06 on 8/4. Trade pressures are up.  Volumes are bullish.

The next target up is 111-02. Overbought levels decline to 110-13.

The next target down is 108-03. Oversold levels decline to 107-22.

[The OB/OS channel is declining.]

[8-4-26: Long from 109-06. Set SL at 109-06.]

Resumption of the Iran War sends inflation and yields higher. 10yr yields rise to 4.75%. The yield overbought level declines to 4.71.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU26

Weekly – In the new June 2026 down trend, near resistance. Trade pressures are up. Volumes are now bullish.

Daily – Flat. Stopped out of the Long trade at 86.20 on 7/27. Trade pressures are up.  Volumes are neutral.

Pullback to 80 and now in a move up. The next target up is 87.16. The expected overbought levels decline to 84.08.

A close below 83.16 would signal lower The expected oversold level declines to 73.09.

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

[8-5-26: Support broken. Now in a short trade from 83.16]

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation declining into the August meeting. With the oil rising, this may be suspect.)

 

NAT GAS_ NGU26

Weekly – In the January 2025 uptrend, still testing support. Trade pressures are down.  Volumes remain bearish.

Daily – Flat, In the move down from 2.96 on 7/10. Trade pressures are down but turning up.  Volumes are neutral.

The next target down is 2.46.  The expected oversold level declines to 2.61.

A close above 2.82 would signal higher. The expected overbought level declines to 2.93.

[7-31-26: OS levels are declining. Expect a move up. Set any SL at 2.71.]

[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. Trade pressures are up. Volumes are bullish.

Daily –Flat. In the second leg up from the pullback to 6.21 on 7/20. Trade pressures are up.  Volumes remain bullish.

The next target up is 6.57. The expected overbought levels rise to 6.59.

A close below 6.43 would resume the move down. The expected oversold levels rise to 6.19.

[OB/OS channel is rising.]

[7-31-26: Look for a pull back to re-enter.]

 

GOLD_ GCZ26, MGCZ26

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

Daily – Flat. Consolidating at 3966 recent trading lows. Trade pressures are down to the neutral zone.  Volumes are bearish.

A close above 4133 signals higher. The next target up is 4182. The expected overbought level declines to 4139.

A close below 4021 would signal lower. The expected oversold level rises to 3991.

[OB/OS channel is narrowing.]  GVX @ 23 = investible.

[7-31-26: Don’t want to trade long against the weekly downward pressures. no entry. Narrowing presages some kind of breakout.]

 

SILVER_ SIU26

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

Daily – Flat. Consolidating in a narrow range.  Trade pressures are down to the neutral zone.  Volumes are bearish.

A close above 62.00 would signal higher.  Overbought levels decline to 61.

Support is now 56.84.  The oversold levels decline to 54.

[OB/OS channel is declining.]