#crudeoilfutures #naturalgasfutures

CRUDE_ CLJ26

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

Daily – Flat. After the pullback from the highs, a new move up from 90.70 on 3/11. Trade pressures are up.  Volumes are bullish.

The next target up is 104.67. The expected overbought levels rise to 103.14.

A close below 91.75 would signal lower. The expected oversold level rises to 83.08.

[OB/OS channel is rising.]
OVX (oil volatility) is 119; very high risk.   No trade.

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

 

NAT GAS_ NGJ26

Weekly – In the January 2025 uptrend. Trade pressures are in the neutral zone.  Volumes are bullish.

Daily – Flat, Breaks down below the median line. Trade pressures are in the neutral zone.  Volumes remain bullish.

The next target down is 2.80 2.98. The expected oversold level rises to 2.82.

A close above 3.19 would signal higher.  The expected overbought level rises to 3.44.

[OB/OS channel is rising.]

[3-17-26: Long at 3.08. SL at 2.99.][PM: Raise the SL to 3.01]

[3-18-26: Stopped out at 3.01.]