#crudeoilfutures #naturalgasfutures

CRUDE_ CLH26

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 61.75. The expected overbought levels rise to 62.01.

A close below 57.84 would signal lower. The expected oversold level rises to 55.98.

[1-16-26: at the 59.11 pull back target. The SL at 58.50 remains.]

[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. Touched the 3.00 level. Trade pressures remain down.  Volumes remain bearish.

The next target down is 3.00. The expected oversold level declines to 3.00.

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

[OB/OS channel is declining.]