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

February crude oil closed sharply lower on Tuesday as it extends the decline off October's high. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If February extends the decline off October's high, the June-2017 low crossing at 46.00 is the next downside target. Closes above the reaction high crossing at 54.55 are needed to confirm that a short-term low has been posted. First resistance is the reaction high crossing at 54.55. Second resistance is the reaction high crossing at 58.16. First support is today's low crossing at 46.28. Second support is the June-2017 low crossing at 46.00.

February heating oil closed sharply lower on Tuesday as it renewed the decline off October's high. The low-range close sets the stage for a steady to lower opening when Wednesday's night trading session begins. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If February extends the decline off October's high, the 87% retracement level of the 2017-2018-rally crossing at 162.34 is the next downside target. Closes above the reaction high crossing at 194.43 are needed to confirm that a low has been posted. First resistance is the reaction high crossing at 194.43. Second resistance is the 50-day moving average crossing at 208.10. First support is the 75% retracement level of the 2017-2018-rally crossing at 173.08. Second support is the 87% retracement level of the 2017-2018-rally crossing at 162.34.

February unleaded gas closed lower on Tuesday as it renewed the decline off October's high. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If February extends the decline off October's high, the June-2017 low crossing at 131.18 is the next downside target. Closes above the reaction high crossing at 151.77 would confirm that a short-term low has been posted. First resistance is the reaction high crossing at 151.77. Second resistance is the reaction high crossing at 159.94. First support is today's low crossing at 133.38. Second support is the June-2017 low crossing at 129.88.

February Henry natural gas closed sharply higher on Tuesday and filled Monday's gap crossing at 3.718. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If February extends this month's decline, the 75% retracement level of the September-November-rally crossing at 3.388 is the next downside target. Additional closes above Monday's gap crossing at 3.718 would signal that Monday's gap was an exhaustion gap. Closes above the 20-day moving average crossing at 4.184 are needed to confirm that a short-term low has been posted. First resistance is Monday's gap crossing at 3.787. Second resistance is the 20-day moving average crossing at 4.184. First support is the 75% retracement level of the September-November-rally crossing at 3.388. Second support is the 87% retracement level of the September-November-rally crossing at 3.154.

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