#crudeoilfutures #naturalgasfutures

CRUDE_ CLV26

Weekly – In the new June 2026 down trend. Trade pressures are up. Volumes are now bullish.

Daily – Flat. In the move up from 82.29 on 8/17. Trade pressures are up.  Volumes are bullish, albeit on declining volume.

At. 84.24. The next target up is 86.40. The expected overbought levels rise to 87.22.

A close below 82.68 would signal lower. The expected oversold level rises to 76.49.

[OB/OS channel is rising.]
OVX (oil volatility) down to 49.

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

 

NAT GAS_ NGU26

Weekly – In the August 2026 downtrend. Trade pressures are down.  Volumes remain bearish.

Daily – Flat, In the move up from 2.74 on 8/18. Trade pressures up into the neutral zone.  Volumes are bullish.

The next target up is 2.89. The expected overbought level rises to 2.85.

The next target down is 2.46.  The expected oversold level declines to 2.52.

[OB/OS channel is widening.]

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.