#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, but correcting to 79.37 support. Trade pressures are up.  Volumes are neutral.

The next target up is 86.72. The expected overbought levels decline to 87.91.

A close below 88.87 would signal lower. The expected oversold level declines to 81.01.

[OB/OS channel is declining.]
OVX (oil volatility) declines to 43.

(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_ NGV26

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 resistance at 2.93 . Trade pressures are up.  Volumes are bearish.

The next target up 2.98. The expected overbought level rises to 2.95.

A close below 2.75 would signal lower.  The expected oversold level rises to 2.71.

[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.