#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ26

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

Daily – Flat. Continues the the move up above 92.67 on 10/13. Now at 104.12. Trade pressures are up, but declining.  Volumes remain bullish.

The next target up is 110.48.  The expected overbought levels rise to 105.91.

A close below 101.10 would signal lower. The expected oversold level rises to 97.63.

[OB/OS channel is rising.]
OVX (oil volatility) declines to 58.

(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_ NGZ26

Weekly – In the August 2026 downtrend. Trade pressures are down.  Volumes remain bearish.

Daily – Flat, Remains in the move down with a second breakdown at 3.16 on 10/21 and now at the 2.94 target.  Trade pressures remain down.  Volumes remain bearish.

The next target down is 2.44. The expected oversold level declines to 2.59.

A close above 2.93 would signal higher. The expected overbought level rises to 3.16.

[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.