CRUDE_ CLG26

Weekly – In the December 2025 downtrend. Trade pressures are now up. Volumes are now bullish.

Daily – Long. In the move up from 58.62 on 1/9/26. Breaks above the June 25 downtrend line. Trade pressures are up.  Volumes are bullish.

The next target up is 62.48. The expected overbought levels rise to 58.99.

A close below 57.84 would signal lower. The expected oversold level rises to 55.88.

[1/10/26: Set the SL at 57.84.]

[1-13-26: at the 61.31 target. Raise the SL to 58.50.]

[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 January 2025 downtrend; breaking 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 3.05. The expected oversold level declines to 3.05.

A close above 3.55 would signal higher. The expected overbought level declines to 3.87.

[OB/OS channel is declining.]