Daily
crude oil, unleaded gas, heating oil and natural gas futures market commentary with our opinion as to trending markets,
support and resistance levels, if prices closed higher or lower from
previous day and most important which futures and commodity markets are
changing to bullish or bearish.
If
there is a change to bullish or bearish pay closer attention to
that market to look for opportunities. This commentary is based ONLY on
charts and technical analysis.
Crude Oil could be starting to trend down. Watch for support at 2940 and resistance at
3100. Changed to bearish on October 22nd. Changed to neutral on October 16th. Changed to bullish on September 30th. Changed to neutral on September 24th. Changed to bearish on August 27th.
Unleaded Gas could be starting to trend down. Watch for support
at 7960 and resistance at 8350. Changed to bearish on October 20th.
Changed to neutral on October 16th. Changed to bullish on October 01st. Changed to
bearish on September 29th. Changed to neutral on September
24th. Changed to bearish on September
16th.
Heating Oil could be starting to trend down. Watch for support
at 8150 and resistance at 8500. Changed to bearish on October 22nd. Changed to neutral on October 17th. Changed to bullish on September 29th. Changed to neutral on September 24th. Changed to bearish on August 27th.
Natural Gas could be starting to trend down. Watch for support
at 5130 and resistance at 5325. Changed to bearish on October 20th. Changed to neutral on October 16th. Changed to bullish on September 29th. Changed to bearish on September 18th.
