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

November Nymex crude oil was slightly lower overnight as it extends the decline off October's high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that additional weakness is possible near-term. If November extends the decline off October's high, September's low crossing at 66.67 is the next downside target. Closes above the 20-day moving average crossing at 72.53 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 72.53. Second resistance is October's high crossing at 76.90. First support is September's low crossing at 66.67. Second support is August's low crossing at 63.48.

November heating oil was lower overnight as it extends the decline off October's high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends this month's decline, the 50-day moving average crossing at 226.87 is the next downside target. Closes above the 20-day moving average crossing at 235.47 would signal that a short-term low has likely been posted. First resistance is the 20-day moving average crossing at 235.47. Second resistance is October's high crossing at 245.00. First support is the 50-day moving average crossing at 226.87. Second support is September's low crossing at 219.43.

November unleaded gas was lower overnight as it extends the decline off October's high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends the decline off October's high, August's low crossing at 184.02 is the next downside target. Closes above last-Wednesday's high crossing at 199.31 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 193.18. Second resistance is the 20-day moving average crossing at 201.38. First support is the overnight low crossing at 186.16. Second support is August's low crossing at 184.02.

November Henry natural gas was slightly higher in late-overnight. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends the decline off October's high, the 50% retracement level of the September-October-rally crossing at 3.058 is the next downside target. Closes above the 10-day moving average crossing at 3.223 are needed to confirm that a short-term low has been posted. First resistance is October's high crossing at 3.368. Second resistance is the July-2015 high crossing at 3.457. First support is the 50% retracement level of the September-October-rally crossing at 3.058. Second support is the 62% retracement level of September-October-rally crossing at 2.984.

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