#crudeoilfutures #naturalgasfutures

CRUDE_ CLV26

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

Daily – Flat. In the move up from 82.29 on 8/17. Trade pressures are up.  Volumes remain bullish.

The next target up is 91.30. The expected overbought levels rise to 87.92.

A close below 83.81 would signal lower. The expected oversold level rises to 81.25.

[OB/OS channel is rising.]
OVX (oil volatility) holds at 49.

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation rising, slowly, thru the year end.)

 

NAT GAS_ NGU26

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

Daily – Flat, In the move up from 2.74 on 8/18, finding resisitance at 2.79 . Trade pressures are down.  Volumes are neutral.

The next target up remains 2.89. The expected overbought level rises to 2.91.

A close below 2.74 would signal lower.  The expected oversold level rises to 2.62.

[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.