#crudeoilfutures #naturalgasfutures

CRUDE_ CLG26

Weekly – In the December 2025 downtrend. Trade pressures remain down. Volumes remain bearish.

Daily –Short. In the move down from 58.02 on 12/31. The rally to resistance at 58.88 turns the trade down once again. Trade pressures are down.  Volumes remain bearish.

The next target down is 56.32.  The expected oversold level rises to 55.56.

A close above 57.61 would signal higher. The expected overbought levels rise to 58.78.

[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 November 2025 uptrend; testing 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 3.32. The expected oversold level declines to 3.51.

A close above 3.73 would signal higher. The expected overbought level declines to 4.19.

[OB/OS channel is declining.]