#crudeoilfutures #naturalgasfutures

CRUDE_ CLX26

Weekly – In the new September 2026 up trend. Trade pressures remain up. Volumes are now neutral.

Daily – Flat. In a new move down from 91.56 on 9/21.  Trade pressures are up.  Volumes are bearish.

A close below 91.56 would signal lower. The expected oversold level declines to 87.96.

A close above 99.73 woiuld signal higher. The expected overbought levels decline to 107.94.

[OB/OS channel is declining.]
OVX (oil volatility) rises to 55.

(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_ NGX26

Weekly – In the August 2026 downtrend, but testing the resisitance at 3.47. Trade pressures are up.  Volumes are now bullish.

Daily – Flat, Breaks out to the upside. Trade pressures are up.  Volumes are again neutral.

The next target up is 3.54. The expected overbought level rises to 3.33.

A close below 3.13 would signal lower.  The expected oversold level rises to 2.89.

[OB/OS channel is rising.]

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.