#crudeoilfutures #naturalgasfutures

CRUDE_ CLX26

Weekly – In the new September 2026 uptrend. Trade pressures remain up, but declining. Volumes remain neutral.

Daily – Flat. In the move down from 91.56 on 9/21.  Trade pressures are up into the neutral zone.  Volumes remain bearish.

The next target down is 83.92. The expected oversold level declines to 87.12.

A close above 94.84 would signal higher. The expected overbought levels decline to 94.99.

[OB/OS channel is declining.]
OVX (oil volatility) declines to 51.

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

 

NAT GAS_ NGX26

Weekly – In the August 2026 downtrend. Trade pressures are declining.  Volumes are now bearish.

Daily – Flat, The breakout to the upside failed but now attempting again from a lower level. Trade pressures are down, but turning up.  Volumes are bearish.

A close above 3.04 would signal higher. The expected overbought level declines to 3.07.

A close below 2.93 would signal lower.  The expected oversold level declines to 2.80.

[OB/OS channel is declining.]

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