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ENERGIES https://quotes.ino.com/exchanges/?c=energy
June crude oil closed slightly higher on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If May extends the rally off March's low, March's high crossing at $67.99. Closes below the 50-day moving average crossing at $62.42 would signal that a short-term top has been posted. First resistance is last-Wednesday's high crossing at $66.76. Second resistance is March's high crossing at $67.98. First support is the 50-day moving average crossing at $62.42. Second support is the March 23rd low crossing at $57.25.
June heating oil closed higher on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday's night trading session begins. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, the 87% retracement level of the 2018-2020-decline crossing at $213.75 is the next upside target. Closes below the 50-day moving average crossing at $187.99 would signal that a short-term top has been posted. First resistance is Monday's high crossing at $207.76. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at $213.75. First support is the 10-day moving average crossing at $198.38. Second support is the 20-day moving average crossing at $193.43.
June unleaded gas closed slightly higher on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that a short-term top might be in or is near. Closes below the 50-day moving average crossing at $202.01 would signal that a short-term top has likely been posted. If June extends the rally off March's low, the May-2018 high on the monthly continuation chart crossing at $228.55 is the next upside target. First resistance is Monday's high crossing at $221.70. Second resistance is the May-2018 high on the monthly continuation chart crossing at $228.55. First support is the 20-day moving average crossing at $206.85. Second support is the 50-day moving average crossing at $202.01.
June Henry natural gas closed higher on Tuesday as it extended the trading range of the past two-week's. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 2.874 would signal that a short-term top has been posted. If June extends the rally off March's low, the 87% retracement level of the February-March-decline crossing at 3.011. First resistance is last-Tuesday's high crossing at 3.001. Second resistance is the 87% retracement level of the February-March-decline crossing at 3.011. First support is the 20-day moving average crossing at 2.874. Second support is the 50-day moving average crossing at 2.760.