#crudeoilfutures #naturalgasfutures

CRUDE_ CLK26

Weekly – In the January 2026 uptrend. Trade pressures remain up. Volumes are now neutral.

Daily – Flat. A new uptrend from 98.02 on 3/20. Trade pressures are up.  Volumes remain bullish.

The next target up is 103.73. The expected overbought levels decline to 102.74.

A close below 91.75 would signal lower. The expected oversold level rises to 86.22.

[OB/OS channel is narrowing.]
OVX (oil volatility) declines to 91; still very high risk.   No trade.

(One of the larger components measuring inflation. 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 up.  Volumes are neutral.

Daily – Flat, In the downtrend. Trade pressures are up.  Volumes are bearish.

The next target down is 3.02 . The expected oversold level rises to 2.91.

A close above 3.12 would signal higher.  The expected overbought level declines to 3.41.

[OB/OS channel is widening.]