#crudeoilfutures #naturalgasfutures

CRUDE_ CLH26

Weekly – In the new January 2026 uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. In the chop. OVX in the 50’s. Trade pressures are down into the neutral zone.  Volumes are neutral.

A pullback below 63.00 would allow a new long entry. The expected overbought levels rise to 66.63.

A close below 63.24 would signal lower. The expected oversold level rises to 61.24.

[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_ NGH26

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

Daily – Flat, Sold off hard, now forming a bear flag, setting up for a potential move down. Trade pressures are up.  Volumes are  bearish.

A close below 3.32 would signal lower. The expected oversold level declines to 3.01.

A close above 3.65 would signal higher. The expected overbought level declines to 4.30.

[OB/OS channel is declining.]