#crudeoilfutures #naturalgasfutures

CRUDE_ CLV26

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

Daily – Flat. In the pullback after the 93.14 high pivot on 9/3. Trade pressures are up.  Volumes remain bullish.

The next target up is 92.60. The expected overbought levels rise to 94.63.

A close below 88.87 would signal lower. The expected oversold level rises to 84.74.

[OB/OS channel is rising.]
OVX (oil volatility) rises to 45.

(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 up.  Volumes are now bullish.

Daily – Flat, Rallying to retest the breakdown from 2.97 on 9/3. Trade pressures are up.  Volumes are bullish.

The next target up is 3.05. The expected overbought level rises to 3.05.

A close below 2.88 would signal lower.  The expected oversold level rises to 2.82.

[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.