October Crude Oil closed down 0.39 at 68.90. This was 0.88 up from the low and 0.61 off the high.
October Heating Oil closed up 1.32 at 174.40. This was 3.69 up from the low and 0.18 off the high.
October RBOB Gasoline finished down 1.57 at 174.41, 1.48 off the high and 1.80 up from the low.
October Natural Gas finished up 0.44 at 3.40, 0.00 off the high and 0.49 up from the low.
Technical Outlook
CRUDE OIL (OCT) 09/15/2009: A crossover down in the daily stochastics is a bearish signal. Momentum studies trending lower at mid-range could accelerate a price break if support levels are broken. A negative signal for trend short-term was given on a close under the 9-bar moving average. It is a slightly negative indicator that the close was under the swing pivot. The next downside objective is 67.32. The next area of resistance is around 69.59 and 70.29, while 1st support hits today at 68.11 and below there at 67.32.
RBOB GAS (OCT) 09/15/2009: Daily stochastics declining into oversold territory suggest the selling may be drying up soon. The market's short-term trend is negative as the close remains below the 9-day moving average. The market's close below the pivot swing number is a mildly negative setup. The next downside objective is now at 171.05. The next area of resistance is around 176.05 and 177.61, while 1st support hits today at 172.77 and below there at 171.05.
HEATING OIL (OCT) 09/15/2009: Momentum studies are still bearish but are now at oversold levels and will tend to support reversal action if it occurs. The market's close below the 9-day moving average is an indication the short-term trend remains negative. The upside daily closing price reversal gives the market a bullish tilt. The market's close below the pivot swing number is a mildly negative setup. The next downside objective is 169.66. The next area of resistance is around 176.33 and 177.39, while 1st support hits today at 172.47 and below there at 169.66.
October Heating Oil closed up 1.32 at 174.40. This was 3.69 up from the low and 0.18 off the high.
October RBOB Gasoline finished down 1.57 at 174.41, 1.48 off the high and 1.80 up from the low.
October Natural Gas finished up 0.44 at 3.40, 0.00 off the high and 0.49 up from the low.
Technical Outlook
CRUDE OIL (OCT) 09/15/2009: A crossover down in the daily stochastics is a bearish signal. Momentum studies trending lower at mid-range could accelerate a price break if support levels are broken. A negative signal for trend short-term was given on a close under the 9-bar moving average. It is a slightly negative indicator that the close was under the swing pivot. The next downside objective is 67.32. The next area of resistance is around 69.59 and 70.29, while 1st support hits today at 68.11 and below there at 67.32.
RBOB GAS (OCT) 09/15/2009: Daily stochastics declining into oversold territory suggest the selling may be drying up soon. The market's short-term trend is negative as the close remains below the 9-day moving average. The market's close below the pivot swing number is a mildly negative setup. The next downside objective is now at 171.05. The next area of resistance is around 176.05 and 177.61, while 1st support hits today at 172.77 and below there at 171.05.
HEATING OIL (OCT) 09/15/2009: Momentum studies are still bearish but are now at oversold levels and will tend to support reversal action if it occurs. The market's close below the 9-day moving average is an indication the short-term trend remains negative. The upside daily closing price reversal gives the market a bullish tilt. The market's close below the pivot swing number is a mildly negative setup. The next downside objective is 169.66. The next area of resistance is around 176.33 and 177.39, while 1st support hits today at 172.47 and below there at 169.66.
No comments:
Post a Comment