S&P 500
2670.71
+34.75 +1.36%
Dow Indu
24706.35
+336.25 +1.43%
Nasdaq
7157.23
+72.77 +1.07%
Crude Oil
53.76
+1.69 +3.47%
Gold
1281.555
0.000 0.00%
Euro
1.13645
0.00000 0.00%
US Dollar
96.364
0.000 0.00%
Strong

Market Commentary

Currencies | Energy | Food | Grains | Indexes | Interest | Livestock | Metals

INO.com’s Daily Market Analysis

It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.

Privacy Policy

ENERGIES https://quotes.ino.com/exchanges/?c=energy

March crude oil closed higher on Friday as it extends the rally off December's low. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, the 38% retracement level of the October-December-decline crossing at 55.55 is the next upside target. Closes below the 20-day moving average crossing at 49.03 would confirm that a short-term top has been posted. First resistance is the 38% retracement level of the October-December-decline crossing at 55.55. Second resistance is the 50% retracement level of the October-December-decline crossing at 59.53. First support is the 20-day moving average crossing at 49.03. Second support is December's low crossing at 45.13.

March heating oil closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's night trading session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, the 38% retracement level of the October-December-decline crossing at 193.75 is the next upside target. Closes below the 20-day moving average crossing at 178.14 would confirm that a short-term top has been posted. First resistance is the 38% retracement level of the October-December-decline crossing at 193.75. Second resistance is the 50% retracement level of the October-December-decline crossing at 203.52 is the next upside target. First support is the 20-day moving average crossing at 178.14. Second support is December's low crossing at 162.35.

March unleaded gas closed higher on Friday. The mid-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, the 38% retracement level of the October-December-decline crossing at 160.10 is the next upside target. Closes below the 20-day moving average crossing at 137.05 would confirm that a short-term top has been posted. First resistance is the 25% retracement level of the October-December-decline crossing at 147.65. Second resistance is the 38% retracement level of the October-December-decline crossing at 160.10. First support is the 20-day moving average crossing at 137.05. Second support is December's low crossing at 124.24.

March Henry natural gas closed slightly higher on Friday after early weakness failed to fill Monday's gap crossing at 3.002. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off January's low, the 50-day moving average crossing at 3.525 is the next upside target. Closes below Monday's gap crossing at 3.002 would confirm that a short-term top has been posted. First resistance is the 50-day moving average crossing at 3.525. Second resistance is the December 20th reaction high crossing at 3.659. First support is Monday's gap crossing at 3.002. Second support is January's low crossing at 2.771.

© Copyright INO.com, Inc. All Rights Reserved.