Technicals: Week 25

Tuesday, June 16, 2026. CRUDE OIL TECHNICALS: WTI trading $80.58-$81.58 range. Open ~$80.96, High $81.53, Low $80.86. Sharp drop from prior days (Jun 12 high ~$87). SETUP: Crude in free fall. Geopolitical premium gone. Watching technical support levels. KEY SUPPORT: $80.24-$80.55 (Classic/Fibonacci S3/S2 pivots, near-term daily support). $82.67 (key near-term support). $85 (major psychological/support zone, floor in June outlooks). $74-$75 (longer-term Fibonacci-based support, 61.8% retracement, 200-day MA proximity). KEY RESISTANCE: $81.22-$81.53 (Classic/Fibonacci R1/R2 pivots, immediate upside targets). $85.09-$87.30 (near-term resistance cluster, key breakout level). $100 (psychological pivot, major reference level). $106-$108 (multi-month resistance zone from prior highs). READ: Crude testing support at $80.24-$80.55. If holds, expect bounce toward $85. If breaks, next target $74-$75. Momentum bearish. Volume declining. Fade trade. Short any bounces above $82. NATURAL GAS TECHNICALS: Henry Hub trading $3.02-$3.15 range. NGN26 contract ~$3.153. TECHNICAL INDICATORS: RSI(14) ~29.9-32.1 (Sell signal, in/approaching oversold below 30-40). MACD(12,26) ~-0.014 to -0.015 (Sell signal, negative histogram, bearish momentum on daily). Moving averages: All 12 periods signaling Sell. Overall: 8-9 Sell signals on daily. PIVOT POINTS: Support S1 ~$3.02, S2 ~$3.016-$3.027, S3 ~$3.008-$3.017. Pivot ~$3.027-$3.045. Resistance R1 ~$3.032-$3.053, R2 ~$3.04-$3.063, R3 ~$3.044-$3.071. READ: Gas oversold on daily. Weekly timeframe shows potential bullish MACD crossover suggesting longer-term momentum improvement despite daily bearishness. Accumulation zone intact. $3.02-$3.05 prime entry. Target $4.00+. BOTTOM LINE: Crude—testing support at $80.24-$80.55. Short any bounces above $82. Target $74-$75. Gas—oversold daily, bullish weekly setup. Accumulate $3.02-$3.05. Target $4.00+. Trade the charts. Respect the levels.

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