#crudeoilfutures #naturalgasfutures

CRUDE_ CLM26

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

Daily – No Trade, Flat. In the rally off the 86.98 long entry. Trade pressures are up.  Volumes are bullish.

The next target up is 99.52. The expected overbought levels declines to 100.99.

The next target down is 92.60, which is also the short entry. The expected oversold level rises to 84.04.

[OB/OS channel is narrowing.] expect decreasing volatility.
OVX (oil volatility) rises to 75; still choppy.

(One of the larger components used to measure 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 remain down.  Volumes remain bearish.

Daily – Flat, The new move up failed with a break below 2.80, now 2.68.  Trade pressures are down.  Volumes are bearish.

The next target down is 2.65.  The expected oversold level rises to 2.50.

A close above 2.70 would signal higher. The expected overbought level declines to 2.80.

[OB/OS channel is narrowing.]