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

November crude oil closed higher due to short covering on Monday as it consolidated some of the decline off October's high. The mid-range close sets the stage for a steady to higher opening when Tuesday'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 November extends this month's decline, the 50-day moving average crossing at 69.57 is the next downside target. Closes above last-Tuesday's high crossing at 75.28 would confirm that a short-term low has been posted. First resistance is October's high crossing at 76.90. Second resistance is the 75% retracement level of the 2014-2016-decline crossing at 77.22. First support is the 50-day moving average crossing at 69.57. Second support is September's low crossing at 66.67.

November heating oil closed slightly lower on Monday and below the 20-day moving average crossing at 233.76. The low-range close sets the stage for a steady to lower opening when Tuesday's night trading session begins. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends the decline off October's high the 50-day moving average crossing at 224.82 is the next downside target. First resistance is October's high crossing at 245.00. Second resistance is the November-2014 high crossing at 254.68. First support is last-Friday's low crossing at 229.53. Second support is the 50-day moving average crossing at 224.82.

November unleaded gas closed lower on Monday as it remains below the 50-day moving average crossing at 197.78. The mid-range close sets the stage for a steady to lower opening when Tuesday'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 November extends this month's decline, August's low crossing at 184.02 is the next downside target. Closes above the 20-day moving average crossing at 204.39 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 204.39. Second resistance is October's high crossing at 215.00. First support is last-Friday's low crossing at 190.81. Second support is August's low crossing at 184.02.

November Henry natural gas closed higher on Monday. 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 bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 3.108 would confirm that a short-term top has been posted. If November renews the aforementioned rally, the July-2015 high crossing at 3.457 is the next upside target. First resistance is last-Tuesday's high crossing at 3.368. Second resistance is the July-2015 high crossing at 3.457. First support is the 20-day moving average crossing at 3.108. Second support is the 50-day moving average crossing at 2.985.

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