#crudeoilfutures #naturalgasfutures

CRUDE_ CLQ26

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 71.54. The expected oversold level declines to 70.16.

A close above 80.00 would signal higher. Seeing some buying at the 75 level. The expected overbought levels declines to 83.16.

[OB/OS channel is declining.]
OVX (oil volatility) down to 51.

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation declining into the July meeting. Declining inflation occurs in both Quad 4 (defensive) and Quad 1 (goldilocks).)

 

NAT GAS_ NGN26

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

Daily – Long, After a pullback to 3.02; in a new move up from 3.10 on 6/15.  Trade pressures are up.  Volumes are bullish.

The next target up is 3.24. The expected overbought level rises to 3.32.

A c;lose below 3.10 would signal lower.  The expected oversold level rises to 3.01.

[OB/OS channel is rising.]
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.

[6-19-26: OB/OS channel pointing up. Set SL at 3.14]