Technicals: Week 37

Tuesday, September 15, 2026. CRUDE OIL TECHNICALS: WTI ~$101.34 (+0.98%), rally from low $80s Aug to $100-$103 zone. Bias: bullish above key levels, consolidation/decision point. Resistance: $103-$105 (immediate), $107-$108 (next upside target), $113 (cycle high strong bullish), $116-$120 (major extension if disruptions intensify). Support: $98.50-$100 (near-term holds bullish), $95.48 (61.8% Fib first pullback), $90-$92.50 (demand band 50% Fib ~$90 Elliott Wave critical break reversal risk), $85-$88 (medium-term 100-day SMA ~$85.38 July ~$94), $84.59/$77.86/~$67 (deeper). Indicators: RSI(14) 71.68 (overbought/sell), MACD +4.63 (buy), oscillators 6 sell/1 neutral/3 buy (sell bias), MA strong buy 12 buy signals (bullish trend), candlesticks mix bearish daily (Deliberation/Doji/Engulfing) bullish shorter, ADX buy strong momentum. Overall: bullish trend but short-term momentum fading, potential pullback before resumption. WTI consolidating near highs, support $98.50-$100 expected holding, resistance $103-$105 breakout targets $107-$108, reversal $95.48 Fib defense, geopolitical premium elevated. NATURAL GAS TECHNICALS: Henry Hub ~$2.88-$2.90 at pivot, recent range ~$2.75-$3.01. Resistance: $2.897-$2.906 dense cluster (50% Fib/VWAP/SMA50/SuperTrend), $2.91 (R2), $2.917/$3.00 psychological. Bullish breakout >$2.906 targets ~$3.026. Support: $2.877 (S1 immediate), $2.87 (S2 Fib), $2.857/$2.715-$2.79 (deeper). Bearish reversal: $2.79-$2.84 downside. Indicators: MA clustered $2.83-$2.89 mostly bullish buy signals, MA200 ~$2.90, pivot ~$2.89. Bias: capped supply/storage, mixed-to-bullish technically. Setup: at pivot, resistance dense $2.897-$2.906 breach target $2.91/$3.00, bears defend $2.877 next $2.87 Fib, storage/LNG (19.6 Bcf/d multi-month high) warmer weather cooling demand geopolitical directing to US. Volatility: summer 2026 realized ~40%+, forward fall-winter Oct-Jan ~60-70%, drivers EIA weekly storage/weather/LNG/geopolitical, institutional long building, OI rising. WTI consolidating $98.50-$105 bullish bias momentum fading RSI overbought, R $103-$105 S $98.50-$100, geopolitical premium intact, monitor consolidation breakout/pullback support hold. NG at pivot $2.88-$2.89, R dense $2.897-$2.906, S $2.877-$2.87, upside $3.00 breakout downside $2.79-$2.84 reversal, storage LNG key drivers, elevated volatility forward higher. Trade charts respect levels manage risk.