Here's Your Crude Oil, Natural Gas and the U.S. Dollar Numbers For Friday Morning

Crude oil was higher overnight due to short covering as it consolidates some of this week's decline. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term.

If March extends this month's decline, December's low crossing at 72.45 is the next downside target. Closes above the 10 day moving average crossing at 75.73 are needed to confirm that a short term low has been posted.

Crude oil pivot point for Friday is 73.69

First resistance is the 10 day moving average crossing at 75.73
Second resistance is the 20 day moving average crossing at 78.80

First support is Wednesday's low crossing at 72.65
Second support is December's low crossing at 72.45

Check out the new "Trend TV"

Natural gas was higher due to short covering overnight as it consolidates some of this week's decline. Stochastics and the RSI are becoming oversold but remain bearish signaling that sideways to lower prices are possible near term.

If March extends this week's decline, the 75% retracement level of the December-January rally crossing at 4.919 is the next downside target. Closes above the 20 day moving average crossing at 5.564 would confirm that a short term low has been posted.

Natural gas pivot point for Friday is 5.152

First resistance is broken trading range support crossing at 5.327
Second resistance is the 10 day moving average crossing at 5.465

First support is Thursday's low crossing at 5.060
Second support is the 75% retracement level of the December-January rally crossing at 4.919

Get Started Trading Now…..With 10 FREE Trading Lessons

The U.S. Dollar was slightly higher overnight as it extends this week's rally. Stochastics and the RSI are becoming overbought but remain bullish signaling that sideways to higher prices are possible near term.

If March extends this month's rally, the 38% retracement level of the 2009 decline crossing at 79.71 is the next upside target. Closes below the 20 day moving average crossing at 77.96 would confirm that a short term top has been posted.

First resistance is the overnight high crossing at 79.33
Second resistance is the 38% retracement level of the 2009 decline crossing at 79.71

First support is the 10 day moving average crossing at 78.44
Second support is the 20 day moving average crossing at 77.96



Share