#crudeoilfutures #naturalgasfutures

CRUDE_ CLM26

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

Daily – Flat. Continues lower amid rally attempts. Trade pressures are down.  Volumes are now bearish.

The next target down is 75.66. The expected oversold level declines to 83.46.

A close above 86.98 would signal higher. The expected overbought levels rise to 119.97.

[OB/OS channel is widening.] expect increasing volatility.
OVX (oil volatility) drops to 69; still choppy.

(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 down.  Volumes are bearish.

Daily – Flat, Testing for a new move at the 2.70 level.  Trade pressures are rising into the neutral zone.  Volumes are neutral.

A close above 2.70 would signal higher. The expected overbought level declines to 2.86.

The next support down is 2.63.  The expected oversold level declines to 2.47.

[OB/OS channel is declining.]