INO.com’s Daily Market Analysis
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ENERGIES: November Nymex crude oil closed down $1.94 at $38.67 today. Prices closed nearer the session low and hit a two-week low today. The bulls have overall near-term technical advantage but faded today.
November heating oil closed down 332 points at $1.1128 today. Prices closed nearer the session low today. The bulls and bears are on a level overall near-term technical playing field.
November (RBOB) unleaded gasoline closed down 514 points at $1.1618 today. Prices closed near the session low today. The bulls have the firm overall near-term technical advantage.
November natural gas closed down 25.5 cents at $2.54 today. Prices closed near the session low today. The bulls have quickly lost their overall near-term technical advantage amid recent extreme volatility.