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

September crude oil closed higher due to short covering on Friday as it consolidates some of the decline off July's high. The high-range close sets the stage for a steady to higher opening when Monday's night session begins. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off July's high, June's low crossing at 62.99 is the next downside target. Closes above Tuesday's high crossing at 68.37 would confirm that a low has been posted. First resistance is Tuesday's high crossing at 68.37. Second resistance is the reaction high crossing at 70.43. First support is Thursday's low crossing at 64.43. Second support is June's low crossing at 62.99.

September heating oil was slightly higher close on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night trading session begins. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 208.60 would confirm that a short-term top has been posted while opening the door for a possible test of July low crossing at 204.74. Closes above Tuesday's high crossing at 217.86 are needed to confirm that a short-term low has been posted. First resistance is the reaction high crossing at 218.57. Second resistance is July's high crossing at 223.88. First support is Wednesday's low crossing at 207.60. Second support is July's low crossing at 204.74.

September unleaded gas closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off the late-July high, the 75% retracement level of the February-May-rally crossing at 189.92 is the next downside target. Closes above Tuesday's high crossing at 206.89 would confirm that a short-term low has been posted. First resistance is the late-July high crossing at 213.64. Second resistance is July's high crossing at 215.31. First support is the 62% retracement level of the February-May-rally crossing at 196.03. Second support is the 75% retracement level of the February-May-rally crossing at 189.92.

September Henry natural gas closed higher on Friday as it consolidates below the 87% retracement level of the June-July-decline crossing at 2.973. The mid-range close sets the stage for a steady opening when Monday'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 September extends the rally off July's low June's high crossing at 3.018 is the next upside target. Closes below the 20-day moving average crossing at 2.848 are needed to confirm that a short-term top has been posted. First resistance is the 87% retracement level of the June-July-decline crossing at 2.973. Second resistance is June's high crossing at 3.018 is the next upside target. First support is Thursday's low crossing at 2.891. Second support is the 20-day moving average crossing at 2.848.

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