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

May crude oil closed slightly higher on Wednesday as it consolidated some of this week's decline. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends this year's decline, the October-1998 low on the monthly continuation chart crossing at $17.12 is the next downside target. Closes above the 20-day moving average crossing at $27.95 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at $22.79. Second resistance is the 20-day moving average crossing at $27.95. First support is Monday's low crossing at $19.27. Second support is the October-1998 low on the monthly continuation chart crossing at $17.12.

May heating oil closed lower on Wednesday as it extended this year's decline. The low-range close sets the stage for a steady to lower opening when Thursday's night trading session begins. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends this year's decline, the January 2016 low on the weekly continuation chart crossing at $84.87 is the next downside target. Closes above the 20-day moving average crossing at $111.61 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $111.61. Second resistance is the March 9th gap crossing at $137.81. First support is today's low crossing at $93.03. Second support is weekly support crossing at $84.87.

May unleaded gas closed slightly lower on Wednesday. The mid-range close sets the stage for a steady to higher opening when Thursday'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 81.04 are needed to confirm that a short-term low has been posted. If May resumes the decline off February's high, monthly support crossing at 32.40 is the next downside target. First resistance is the reaction high crossing at 76.12. Second resistance is the 20-day moving average crossing at 81.04. First support is March's low crossing at 46.05. Second support is monthly support crossing at 32.40.

May Henry natural gas closed lower on Wednesday as it extends this year's decline. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the decline below weekly support crossing at 1.611, it would open the door for additional weakness near-term. Closes above the 20-day moving average crossing at 1.759 would temper the near-term bearish outlook. First resistance is the 20-day moving average crossing at 1.759. Second resistance is the 50-day moving average crossing at 1.856. First support is today's low crossing at 1.587. Second support is weekly support crossing at 1.530.