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ENERGIES

April crude oil closed higher on Friday as it consolidated some of Thursday's decline. The high-range close sets the stage for a steady to higher opening when Monday's night session begins. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the reaction low crossing at 48.20 are needed to confirm that a short-term top has been posted. If April renews this month's rally, the 25% retracement level of the 2014-2015-decline crossing at 58.11 is the next upside target. First resistance is the reaction high crossing at 55.05. Second resistance is the 25% retracement level of the 2014-2015-decline crossing at 58.11. First support is the reaction low crossing at 48.20. Second support is January's low crossing at 44.37.

April heating closed higher on Friday as it extended the rally off January's low. 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 bullish signaling that sideways to higher prices are possible near-term. If April extends the aforementioned rally, the 38% retracement level of the 2014-2015-decline crossing at 211.71 is the next upside target. Closes below the 20-day moving average crossing at 184.84 would confirm that a short-term top has been posted. First resistance is today's high crossing at 197.86. Second resistance is the 38% retracement level of the 2014-2015-decline crossing at 211.71. First support is the 10-day moving average crossing at 190.87. Second support is the 20-day moving average crossing at 184.84.

April unleaded gas closed higher on Friday as it extends the rally off January's low. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends the rally off January's low, the 38% retracement level of the 2014-2015-decline crossing at 205.01 is the next upside target. Closes below the 20-day moving average crossing at 182.17 would confirm that a short-term top has been posted. First resistance is today's high crossing at 198.93. Second resistance is the 38% retracement level of the 2014-2015-decline crossing at 205.01. First support is the 20-day moving average crossing at 182.17. Second support is the reaction low crossing at 175.35.

April Henry natural gas closed higher due to short covering on Friday but remains below the 20-day moving average crossing at 2.763. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If April extends this week's decline, Feberuary's low crossing at 2.589 is the next downside target. If April renews the rally off this month's low, the 38% retracement level of the November-February-decline crossing at 3.087 is the next upside target. First resistance is Monday's high crossing at 3.045. Second resistance is the 38% retracement level of the November-February-decline crossing at 3.087. First support is today's low crossing at 2.684. Second support is February's low crossing at 2.589.

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