#crudeoilfutures #naturalgasfutures

CRUDE_ CLK26

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

Daily – Flat. The prior uptrend crashed to 84, now moving higher . Trade pressures are down.  Volumes are now neutral.

A close below 90.46 would signal lower. The expected oversold level rises to 98.95.

a close above 98.90 would signal higher. The expected overbought levels rise to 116.84.

[OB/OS channel is rising.]
OVX (oil volatility) drops to 78; still choppy.   Daily ranges are too wide.

(One of the larger components measuring inflation. The Hedgeye inflation nowcast now expects rising inflation in the 2nd thru the 4th quarters of 2026.)

 

NAT GAS_ NGK26

Weekly – In the January 2025 uptrend. Trade pressures are near support.  Volumes are bearish.

Daily – Flat, Declining in a channel to the 200 day MA. Trade pressures are down.  Volumes remain bearish.

In the move down from 2.90 on 3/30. The next target down is 2.43.  The expected overbought level declines to 2.96.

A close above 2.70 would signal higher. The expected oversold level declines to 2.62.

[OB/OS channel is declining.]