#crudeoilfutures #naturalgasfutures

CRUDE_ CLH26

Weekly – In the December 2025 downtrend, but rising in to the resistance. Trade pressures remain up. Volumes remain bullish.

Daily – Long. In the move up from 58.62 on 1/9/26. Testing the 6/23/25 downward upper median line. Trade pressures are up.  Volumes are bullish.

The next target up is 62.20. The expected overbought levels rise to 62.11.

A close below 58.50 would signal lower. The expected oversold level rises to 58.42.

[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.)

[1-24-26: The SL at 58.50 remains.]
[1-26-26: Raise the SL to 59.87.]
[1-29-26: Raise the SL to 65.42.] [1-29-26: Stopped out in the morning session.]

 

NAT GAS_ NGH26

Weekly – In the new January 2025 uptrend, reversing the downtrend. Trade pressures are now up.  Volumes are now bullish.

Daily – Flat, ripped higher for the week, rising to 4.18 high after testing the 1.53 lows. Trade pressures are up.  Volumes are now neutral.

The next target up is 3.83. The expected overbought level rises to 5.17.

A close below 3.25 would signal lower. The expected oversold level rises to 3.77.

[OB/OS channel is rising.]

[1-26-26: Use 3.66 as the SL.]