CRUDE_ CLJ26

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

Daily – Flat. Still in the move up from 62.99 on 2/18. Near the top of the range. Trade pressures are down but rising.  Volumes remain bullish.

A pullback below 64.00 toward the OS level would allow a new long entry. The expected overbought levels rise to 68.12.

A close below 65.40 would signal lower. The expected oversold level rises to 63.71.

[OB/OS channel is rising.]

(One of the larger components measuring inflation; and the Hedgeye inflation nowcast expects lower inflation in the 2nd quarter 2026.)

[2-27-26: Near the OB level. Still waiting for pull back below 64.]

 

NAT GAS_ NGJ26

Weekly – In the new January 2025 uptrend, pulling back below the trendline. Trade pressures are down.  Volumes remain neutral and declining.

Daily – Flat, Price continues lower, forming a bull flag. Trade pressures are down.  Volumes are now neutral.

The next target down is 2.78. The expected oversold level declines to 2.71.

A close above 2.91 would signal higher. The expected overbought level declines to 3.21.

[OB/OS channel is declining.]

[2-21-26: tight stops for any long long trades at 2.91.] OVX is at 64.60.