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ENERGIES

ENERGIES: August Nymex crude oil closed up $0.87 at $44.25 today. Prices closed nearer the session high today and saw more short covering after hitting a 14-month low last week. The bears still have the firm overall near-term technical advantage. Prices are in a four-week-old downtrend on the daily bar chart.

August heating oil closed up 341 points at $1.4205 today. Prices closed nearer the session high today on more short covering after hitting a 14-month low last week. The bears have the solid overall near-term technical advantage.

August (RBOB) unleaded gasoline closed up 236 points at $1.4517 today. Prices closed near mid-range today on short covering after hitting a 14-month low last week. The bears have the firm overall near-term technical advantage.

August natural gas closed up 1.6 cents at $3.065 today. Prices closed near mid-range today on more short covering. Bears still have the overall near-term technical advantage.

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