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ENERGIES

October crude oil closed lower on Friday ending a two-day bounce off Tuesday's low. The mid-range close sets the stage for a steady opening when Monday's night session begins. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 96.23 are needed to confirm that a short-term low has been posted. If October extends 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 the 10-day moving average crossing at 94.75. Second resistance is the 20-day moving average crossing at 96.23. First support is 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 lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night trading begins. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 286.90 would confirm that a low has been posted. If October extends this summer's decline, last June's low crossing at 277.50 is the next downside target. First resistance is the 20-day moving average crossing at 286.90. Second resistance is the reaction high crossing at 292.28. First support Monday's low crossing at 280.80. Second support is last June's low crossing at 277.50.

October unleaded gas closed lower on Friday. 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 neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crosing at 261.12 would confirm that a short-term low has been posted. If October renewing the decline off June's high, the 62% retracement level of the 2012-2014-rally crossing at 242.55 is the next downside target. First resistance is the 20-day moving average crossing at 261.12. Second resistance is last Thursday's high crosing at 266.34. First support is Monday's 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 lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that a low might be in or is near. If October renews 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 extends the decline of August's high, July's low crossing at 3.740 is the next downside target. First resistance is August's high crossing at 4.041. Second resistance is the 38% retracement level of the June-July decline crossing at 4.172. First support is July's low crossing at 3.740. Second support is last November's low crossing at 3.589.

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