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

September Nymex crude oil was slightly lower in overnight trading. Stochastics and the RSI are oversold and are turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 67.79 are needed to confirm that a short-term low has been posted. If September extends the decline off July's high, June's low crossing at 62.99 is the next downside target. First resistance is last-Tuesday's high crossing at 68.37. Second resistance is the reaction high crossing at 70.43. First support is last-Thursday's low crossing at 64.43. Second support is June's low crossing at 62.99.

September heating oil was steady to slightly lower overnight. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends last- week's decline, the 50% retracement level of the February-May-rally crossing at 205.59 is the next downside target. Closes above the reaction high crossing at 218.57 are needed to renew the rally off July's low. First resistance is the reaction high crossing at 218.57. Second resistance is July's high crossing at 223.88. First support is the 50% retracement level of the February-May-rally crossing at 205.59. Second support is the 62% retracement level of the February-May-rally crossing at 199.85.

September unleaded gas was steady to slightly lower overnight as it extends the decline off July's high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off the late-July high, the 62% retracement level of the February-May-rally crossing at 196.03 is the next downside target. Closes above last-Tuesday's high crossing at 206.89 are needed to confirm that a short-term low has been posted. First resistance is last-Tuesday's high crossing at 206.89. Second resistance is the reaction high crossing at 210.56. First support is the 62% retracement level of the February-May-rally crossing at 196.03. Second support is the 75% retracement level of the February-May-rally crossing at 189.92.

September Henry natural gas was lower overnight as it extends August's trading range. Stochastics and the RSI are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 2.859 would confirm a short-term top has been posted. If September resumes the rally off July's low, June's high crossing at 3.018 is the next upside target. First resistance is the 87% retracement level of the June-July-decline crossing at 2.973. Second resistance is June's high crossing at 3.018. First support is last-Thursday's low crossing at 2.891. Second support is the 20-day moving average crossing at 2.859.

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