#crudeoilfutures #naturalgasfutures

CRUDE_ CLJ26

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

Daily – Flat. Massive move up from 66 to 90 on the attack on Iran and the Straits of Hormuz. Trade pressures are up.  Volumes remain bullish.

Price is above the OB level; expect some pullback. The expected overbought levels rise to 86.11.

A close below 87.69 would signal lower. The expected oversold level rises to 70.22.

[OB/OS channel is rising.] OVX (oil volatility) is 103; very high. No trade.

(One of the larger components measuring inflation; and the Hedgeye inflation nowcast expects lower inflation in the 2nd quarter 2026. With this move up the inflation forecasts will have to be adjusted.)

 

NAT GAS_ NGJ26

Weekly – In the new January 2025 uptrend, pulling back below the trendline. Trade pressures are in the neutral zone.  Volumes are bullish.

Daily – Flat, Breaks up and out of the bull flag. Trade pressures are up.  Volumes are now bullish.

The next target up is 3.37.  The expected overbought level declines to 3.20.

The next target down is 2.78. The expected oversold level rises to 2.73.

[OB/OS channel is narrowing.] lower volatility coming, early trend?

[3-6-26: tight stops for any long long trades at 3.11.]