Saturday Oct 19, 7:16PM EDT

Trader's Blog

Options Based Portfolio Outperformance - Keys To Success

11 hours ago

China Weighs On Stock Market

1 day ago

Bitcoin And Cryptos Tank After Futures Trading Begins

2 days ago

World Oil Supply And Price Outlook, October 2019

3 days ago

Indexes Retest Critical Price Channel Resistance

4 days ago

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

November crude oil closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 55.28 are needed to confirm that a short-term low has been posted. If November resumes the decline off September''s high, August's low crossing at 50.48 is the next downside target. First resistance is the 20-day moving average crossing at 54.23. Second resistance is the 50-day moving average crossing at 55.28. First support is October's low crossing at 50.99. Second support is August's low crossing at 50.48.

November heating oil closed lower on Friday. The mid-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 bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off October's low, the reaction high crossing at 202.23 is the next upside target. Closes below the 50-day moving average crossing at 190.01 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 202.23. Second resistance is September's high crossing at 209.35. First support is October's low crossing at 182.39. Second support is September's low crossing at 178.06.

November unleaded gas closed slightly lower on Friday. The mid-range close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off October's low, the reaction high crossing at 168.24 is the next upside target. Closes below the 50-day moving average crossing at 156.44 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 168.24. Second resistance is September's high crossing at 175.26. First support is the 50-day moving average crossing at 156.44. Second support is October's low crossing at 151.75.

November Henry natural gas closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 2.385 are needed to confirm that a short-term low has been posted. If November extends the decline off September's high, August's low crossing at 2.135 is the next downside target. First resistance is the 50-day moving average crossing at 2.385. Second resistance is the reaction high crossing at 2.562. First support is last-Friday's low crossing at 2.187. Second support is August's low crossing at 2.135.