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

January crude oil closed higher on Friday. The mid-range close sets the stage for a steady to higher opening when Monday'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 January extends the rally off October's low, September's high crossing at 61.44 is the next upside target. Closes below the 20-day moving average crossing at 57.87 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 60.48. Second resistance is September's high crossing at 61.44. First support is the 20-day moving average crossing at 57.87. Second support is the 50-day moving average crossing at 56.21.

January heating oil closed higher on Friday above last-Friday's high crossing at 197.34 confirming an upside breakout of the October-December trading range. The high-range close sets the stage for a steady to higher 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 January extends today's rally, September's high crossing at 207.82 is the next upside target. Closes below the 50-day moving average crossing at 191.82 would confirm that a short-term top has been posted. First resistance is today's high crossing at 199.97. Second resistance is the September 19th high crossing at 200.20. First support is December's low crossing at 186.93. Second support is November's low crossing at 184.41.

January unleaded 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. If January renews the rally off last-Tuesday's low, November's high crossing at 170.36 is the next upside target. Closes below the 50-day moving average crossing at 160.34 would confirm that a short-term top has been posted. First resistance is November's high crossing at 170.36. Second resistance is May's high crossing at 173.52. First support is December's low crossing at 155.50. Second support is the reaction low crossing at 152.09.

January Henry natural gas posted an inside day with a lower close on Friday. The mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 2.457 are needed to confirm that a short-term low has been posted. If January resumes the decline off November's high, weekly support crossing at 2.029 is the next downside target. First resistance is the 10-day moving average crossing at 2.336. Second resistance is the 20-day moving average crossing at 2.457. First support is Monday's low crossing at 2.158. Second support is weekly support crossing at 2.029.