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

April crude oil was slightly higher overnight as it extends the rally off December's low. The high-range overnight trade sets the stage for a steady to higher opening when the day 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 April extends the rally off December's low, the reaction high crossing at 58.70 is the next upside target. Closes below the 50-day moving average crossing at 51.99 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 57.61. Second resistance is the reaction high crossing at 58.70. First support is the 50-day moving average crossing at 51.99. Second support is December's low crossing at 43.00.

April heating oil was higher overnight as it extends the rally off December's low. The high-range overnight trade sets the stage for a steady to higher opening when the day 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 April extends the rally off December's low, the 62% retracement level of the October-December-decline crossing at 212.17 is the next upside target. Closes below the 20-day moving average crossing at 193.57 would confirm that a short-term top has been posted. First resistance is the 50% retracement level of the October-December-decline crossing at 202.41. Second resistance is the 62% retracement level of the October-December-decline crossing at 212.17. First support is the 20-day moving average crossing at 193.57. Second support is the 50-day moving average crossing at 184.63.

April unleaded gas was slightly higher overnight as it extends the rally off December's low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends the rally off December's low, the reaction high crossing at 182.49 is the next upside target. Closes below the 20-day moving average crossing at 165.77 would confirm that a short-term top has been posted. First resistance is the 38% retracement level of the October-December-decline crossing at 177.50. Second resistance is the 50% retracement level of the October-December-decline crossing at 188.48. First support is the 20-day moving average crossing at 165.77. Second support is the 50-day moving average crossing at 160.93.

April Henry natural gas was slightly lower overnight. The mid-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends the rally off February's low, the 50-day moving average crossing at 2.762 is the next upside target. If April renews the decline off January's high, the May 2018 low crossing at 2.523 is the next downside target. First resistance is the 50-day moving average crossing at 2.762. Second resistance is the 50% retracement level of the December-February-decline crossing at 2.813. First support is February's low crossing at 2.565. Second support is the May 2018 low crossing at 2.523.

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