#crudeoilfutures #naturalgasfutures

CRUDE_ CLX26

Weekly – In the new September 2026 up trend. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. New highs but the contract rollover to November has affected the move up. Trade pressures are up, but turning down.  Volumes are remain neutral.

The next target up is 102.07. The expected overbought levels rise to 107.99.

A close below 91.56 would signal lower. The expected oversold level rises to 93.09.

[OB/OS channel is rising.]
OVX (oil volatility) declines to 50.

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation rising, slowly, thru the year end. Rises in the GDP are also expected.(Stagflation).)

 

NAT GAS_ NGV26

Weekly – In the August 2026 downtrend. Trade pressures are up.  Volumes remain neutral.

Daily – Flat, Moving up with lower highs; finding resistance at the upper median line parallel. Trade pressures are down.  Volumes are now neutral.

The next target up is 2.93. The expected overbought level declines to 2.92.

A close below 2.84 would signal lower.  The expected oversold level declines to 2.70.

[OB/OS channel is declining.]

Natural gas is produced with oil production. Natural gas production as a ratio of oil production has been rising; amounted to 47% of the Permian Basin oil production in 2024.