#crudeoilfutures #naturalgasfutures

CRUDE_ CLN26

Weekly – In the January 2026 uptrend. Trade pressures remain down. Volumes remain bearish.

Daily – Flat. Remains in the move down from 92.53 on 6/05. Trade pressures remain down.  Volumes remain bearish.

The next target down is 78.12. The expected oversold level declines to 83.02.

A close above 87.65 would signal higher. The expected overbought levels declines to 92.09.

[OB/OS channel is declining.]
OVX (oil volatility) down to 54.

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation declining into the July meeting.)

 

NAT GAS_ NGN26

Weekly – In the January 2025 uptrend. Trade pressures are down into the neutral zone.  Volumes are now neutral.

Daily – Flat, In a new move up from 3.13 on 6/12.  Trade pressures are down.  Volumes are bearish.

The next target up is 3.24. The expected overbought level declines to 3.27.

A c;lose below 3.10 would signal lower.  The expected oversold level declines to 2.90.

[OB/OS channel is declining.]
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.

[6-13-26: OB/OS channel pointing down. Weekly is in a neutral posture. Wait for reversal to enter.]