S&P 500
2003.37
+6.63 +0.33%
Dow Indu
17098.45
+18.88 +0.11%
Nasdaq
4579.40
+21.71 +0.47%
Crude Oil
95.84
-0.02 -0.02%
Gold
1282.930
-0.600 -0.05%
Euro
1.31225
+0.00035 +0.03%
US Dollar
82.885
+0.114 +0.15%
Strong

Market Commentary

Currencies | Energy | Food | Grains | Indexes | Interest | Livestock | Metals

INO.com’s Daily Market Analysis

It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.

Privacy Policy

ENERGIES

October crude oil closed higher on Friday and above the 20-day moving average crossing at 95.13 confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If October renews the decline off June's high, the 38% retracement level of the 2009-2011-rally crossing at 90.62 is the next downside target. First resistance is August's high crossing at 97.75. Second resistance is the reaction high crossing at 102.20. First support is last Thursday's low crossing at 92.50. Second support is the 38% retracement level of the 2009-2011-rally crossing at 90.62.

October heating oil closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's night trading begins. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off August's low, August's high crossing at 292.28 is the next upside target. If October resumes this summer's decline, last June's low crossing at 277.50 is the next downside target. First resistance is the reaction high crossing at 289.05. Second resistance is August's high crossing at 292.28. First support August's low crossing at 280.80. Second support is last June's low crossing at 277.50.

October unleaded gas closed higher on Friday and above the 20-day moving average crosing at 259.51 confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideway to higher prices are possible near-term. If October extends the aforementioned rally, August's high crossing at 266.34 is the next upside target. First resistance is August's high crossing at 266.34. Second resistance is the reaction high crosing at 270.85. First support is the reaction low crossing at 251.86. Second support is the 62% retracement level of the 2012-2014-rally crossing at 242.55.

October Henry natural gas closed higher on Friday extends the rally off July's low. The high-range close sets the stage for a steady to higher opening when Tuesday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off July's low, the 38% retracement level of the June-July decline crossing at 4.172 is the next upside target. If October renews the decline of August's high, July's low crossing at 3.740 is the next downside target. First resistance is Thursday's high crossing at 4.101. Second resistance is the 38% retracement level of the June-July decline crossing at 4.172. First support is August's low crossing at 3.760. Second support is July's low crossing at 3.740.

INO.com on Facebook INO.com MarketClub on Twitter INO.com on Google+ INO.com YouTube

© Copyright INO.com, Inc. All Rights Reserved.