INO.com’s Daily Market Analysis
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ENERGIES: December Nymex crude oil closed up $0.65 at $49.84 today. Prices closed nearer the session low high on a bounce from this week's selling pressure. Bulls have regained the slight overall near-term technical advantage.
December heating oil closed up 228 points at $1.5902 today. Prices closed nearer the session high today. The bulls still have the overall near-term technical advantage but are fading a bit now.
December (RBOB) unleaded gasoline closed up 41 points at $1.4754 today. Prices closed near mid-range today. Bulls still have the firm overall near-term technical advantage.
December natural gas closed up 2.8 cents at $3.066 today. Prices closed near mid-range on a minor bounce after hitting a 5.5-month low Wednesday. There are now technical clues that a market top is in place. The nat gas bears have the overall near-term technical advantage.