#crudeoilfutures #naturalgasfutures

CRUDE_ CLN26

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

Daily – Flat. Remains in the move down from 101.70 on 5/20. Trade pressures are down.  Volumes remain bearish.

The next target down is 84.96. The expected oversold level declines to 95.73.

A close above 90.83 would signal higher. The expected overbought levels declines to 99.83.

[OB/OS channel is declining.]
OVX (oil volatility) at 57.

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

 

NAT GAS_ NGN26

Weekly – In the January 2025 uptrend. Trade pressures are now up.  Volumes are now bearish.

Daily – Long, The January bull flag breakout at 2.99 on 5/18 pulled back and then up thru 3.10 new entry; is now moving higher.  Trade pressures are up.  Volumes are bullish.

The next target up is 3.53. The expected overbought level rises to 3.44.

A close below 3.22 would signal lower.  The expected oversold level rises to 2.96.

[OB/OS channel is narrowing.]
Natural gas is produced with oil production. Natural gas production as a ratio of oil production has been rising, amounting to 47% of the permian basin oil production in 2024.

[5-30-26: Set a SL at 3.22.]