Energies Close
The energy complex finished higher across the board with Crude up 1.4% to 114.47, Unleaded rising 1.7% to 286.20, Heating Oil adding 312.51 and Natural Gas climbing 1% 7.968.
After reaching a high of 116.35 at lunch, Crude sold off for much of the afternoon. It bounced off the 115 level, but didn’t hold support until 114. Tomorrow, resistance will be up at today’s high of 116.65 with support down at the low of 111.64.
Natural Gas had seemingly broken through key resistance at $8, but it plunged back through the level in the afternoon. It held support at yesterday’s close of 7.888, but was unable to breach the $8 level after testing it late in the day. Natural Gas will likely be bound by 7.888 and 8.000 in early trade tomorrow.