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

June crude oil closed sharply lower on Thursday. The low-range close sets the stage for a steady to lower opening when Friday's night session begins. Stochastics and the RSI are diverging and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at $62.61 would signal that a short-term top has been posted. If May extends the rally off March's low, March's high crossing at $67.99. First resistance is last-Wednesday's high crossing at $66.67. Second resistance is March's high crossing at $67.98. First support is the 50-day moving average crossing at $62.61. Second support is the March 23rd low crossing at $57.25.

June heating oil closed lower on Thursday. The low-range close sets the stage for a steady to lower opening when Friday's night trading session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, the 87% retracement level of the 2018-2020-decline crossing at $213.75 is the next upside target. Closes below the 50-day moving average crossing at $188.87 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at $208.10. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at $213.75. First support is the 20-day moving average crossing at $194.80. Second support is the 50-day moving average crossing at $188.87.

June unleaded gas closed sharply lower on Thursday. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at $202.84 would signal that a short-term top has likely been posted. If June extends the rally off March's low, the May-2018 high on the monthly continuation chart crossing at $228.55 is the next upside target. First resistance is Monday's high crossing at $221.70. Second resistance is the May-2018 high on the monthly continuation chart crossing at $228.55. First support is the 20-day moving average crossing at $207.64. Second support is the 50-day moving average crossing at $202.84.

June Henry natural gas closed unchanged on Thursday as it extended the trading range of the past two-week's. The mid-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, the 87% retracement level of the February-March-decline crossing at 3.011. Closes below Tuesday's low crossing at 2.881 would signal that a short-term top has been posted. First resistance is last-Tuesday's high crossing at 3.001. Second resistance is the 87% retracement level of the February-March-decline crossing at 3.011. First support is Tuesday's low crossing at 2.881. Second support is the 50-day moving average crossing at 2.763.