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ENERGIES https://quotes.ino.com/exchanges/?c=energy
September crude oil closed 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 trading is possible near-term. If September renews the rally off April's low, the 62% retracement level of the January-April-decline crossing at $46.38 is the next upside target. Closes below the 50-day moving average crossing at $39.35 would confirm that a short-term top has been posted. First resistance is July's high crossing at $42.51. Second resistance is the 62% retracement level of the January-April-decline crossing at $46.38. First support is the 50-day moving average crossing at $39.35. Second support is the July 10th low crossing at $38.77.
September 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. If September resumes the rally off April's low, the 38% retracement level of the January-April-decline crossing at $131.31 is the next upside target. Closes below the 50-day moving average crossing at $120.60 would confirm that intermediate trend has turned lower. First resistance is the 38% retracement level of the January-April-decline crossing at $131.31. Second resistance is the 50% retracement level of the January-April-decline crossing at $145.38. First support is the 50-day moving average crossing at $120.60. Second support is the June 12th low crossing at $110.27.
September 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 are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If September renews the rally off April's low, June's high crossing at 130.90 is the next upside target. If September renews last week's decline, the June 29th low crossing at 110.99 is the next downside target. First resistance is June's high crossing at 130.90. Second resistance is 62% retracement level of the January-March-decline decline crossing at 142.00. First support is last-Thursday's low crossing at 113.42. Second support is the June 29th low crossing at 110.99.
September Henry natural gas closed higher on Tuesday as it extends the rally off June's low. 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 neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off July's low, the 75% retracement level of the May-June decline crossing at 2.271 is the next upside target. Closes below last-Friday's low crossing at 1.781 would confirm that a short-term top has been posted. First resistance is today's high crossing at 2.198. Second resistance is the 75% retracement level of the May/June decline crossing at 2.271. First support is last-Friday's low crossing at 1.781. Second support is July's low crossing at 1.646. Third support is June's low crossing at 1.583.