#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ26

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

Daily – Flat. In the move up above 92.67 on 10/13.  Trade pressures are up.  Volumes are bullish.

The next target up is 100.60.  The expected overbought levels rise to 99.97.

A close below 95.53 would signal lower. The expected oversold level rises to 89.44.

[OB/OS channel is rising.]
OVX (oil volatility) rises 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/Quadrant 2).)

 

NAT GAS_ NGX26 ( rollover to DEC soon)

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

Daily – Flat, The breakout to the upside at 3.20 reaching 3.32 and then falling to 3.06. Trade pressures are down.  Volumes are bearish.

The next targtet down is 2.99. The expected oversold level declines to 3.03.

A close above 3.16 would signal higher. The expected overbought level rises to 3.35.

[OB/OS channel is widening.]

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.