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

July crude oil closed lower on Tuesday. The mid-range close sets the stage for a steady to lower opening when Wednesday's night session begins. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If July renews the decline off May's high, April's low crossing at 61.73 is the next downside target. Closes above the 50-day moving average crossing at 68.07 would confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 68.07. Second resistance is the reaction high crossing at 68.76. First support is Monday's low crossing at 63.59. Second support is April's low crossing at 61.73.

July heating oil closed lower on Wednesday. The mid-range close sets the stage for a steady to lower opening when Wednesday's night trading session begins. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends the decline off May's high, the 50% retracement level of the February-May-rally crossing at 205.38 is the next downside target. Closes above the 20-day moving average crossing at 217.75 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 217.75. Second resistance is May's high crossing at 229.87. First support is Monday's low crossing at 206.58. Second support is the 50% retracement level of the February-May-rally crossing at 205.38.

July unleaded gas closed lower on Tuesday. The mid-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends the decline off May's high, the 75% retracement level of the February-May-rally crossing at 194.27 is the next downside target. Closes above the 20-day moving average crossing at 212.75 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 212.75. Second resistance is the reaction high crossing at 219.87. First support is the 62% retracement level of the February-May-rally crossing at 200.25. Second support is the 75% retracement level of the February-May-rally crossing at 194.27.

July Henry natural gas closed lower on Tuesday following Monday's key reversal down. The mid-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 2.863 are needed to confirm that a short-term top has been posted. If July resumes the rally off May's low, monthly resistance crossing at 3.111, is the next upside target. First resistance is Monday's high crossing at 3.052. Second resistance is monthly resistance crossing at 3.111. First support is the 50-day moving average crossing at 2.863. Second support is the reaction low crossing at 2.804.

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