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

August crude oil closed slightly higher on Friday as it consolidates some of this week's decline. The mid-range close sets the stage for a steady opening when Monday's night session begins. Stochastics and the RSI are neutral to bearish signaling that sideways prices are possible near-term. Closes below the 50-day moving average crossing at 69.34 are needed to confirm that a short-term top has been posted. If August renews this month's rally, the 75% retracement level of the 2014-2016-decline crossing at 77.08 is the next upside target. First resistance is last Tuesday's high crossing at 75.27. Second resistance is the 75% retracement level of the 2014-2016-decline crossing at 77.08. First support is the 50-day moving average crossing at 69.34. Second support is the reaction low crossing at 67.72.

August heating oil closed slightly higher on Friday as it consolidates some of Wednesday's loss but remains below the 20-day moving average crossing at 214.64 confirming that a short-term top has been posted. The high-range close sets the stage for a steady to higher opening when Monday's night trading session begins. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If August extends this week's decline, June's low crossing at 206.89 is the next downside target. If August renews the rally off June's low, May's high crossing at 229.60 is the next upside target. First resistance is Tuesday's high crossing at 223.32. Second resistance is May's high crossing at 229.60. First support is June's low crossing at 206.89. Second support is the 50% retracement level of the February-May-rally crossing at 205.35.

August unleaded gas closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If August extends this week's decline, the 62% retracement level of the February-May-rally crossing at 198.78 is the next downside target. Closes above the 50-day moving average crossing at 212.31 are needed to confirm that a short-term low has been posted. First resistance is the reaction high crossing at 219.04. Second resistance is May's high crossing at 226.86. First support is the 62% retracement level of the February-May-rally crossing at 198.78. Second support is the 75% retracement level of the February-May-rally crossing at 192.52.

August Henry natural gas closed lower on Friday as it extends the decline off June's high. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If August extends the decline off June's high, May's low crossing at 2.727 is the next downside target. Closes above the 20-day moving average crossing at 2.895 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 2.895. Second resistance is June's high crossing at 3.043. First support is today's low crossing at 2.750. Second support is May's low crossing at 2.727.

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