Crude Oil Pivot, Resistance and Support Numbers For Tuesday

Crude oil was higher overnight and is poised to extend the rebound off this month's low. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near term.

Closes above the reaction high crossing at 75.69 are needed to confirm that a short term low has been posted. If March renews the decline off January's high, last September's low crossing at 67.46 is the next downside target.

Tuesday's pivot point, our line in the sand is 74.02

First resistance is the overnight high crossing at 75.46
Second resistance is last Thursday's high crossing at 75.69

First support is last Friday's low crossing at 72.66
Second support is this month's low crossing at 69.50

How to Use Money Management Stops Effectively

Natural gas was higher overnight as it extends this month's choppy sideways trading pattern. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near term.

Closes above the reaction high crossing at 5.680 or below 5.060 are needed to confirm a breakout of this month's trading range and point the direction of the next trending move.

Natural gas pivot point for Tuesday is 5.459

First resistance is last Friday's high crossing at 5.556
Second resistance is the reaction high crossing at 5.680

First support is last Friday's low crossing at 5.204
Second support is the reaction low crossing at 5.060

Do You Understand How Divergences Work in the Market?

The U.S. Dollar was lower due to profit taking overnight as it extends last week's trading range above the 38% retracement level of the 2009 decline crossing at 79.71. Stochastics and the RSI are diverging but are turning bullish signaling that additional gains are possible near term.

If March extends this winter's rally, the 50% retracement level of the 2009 decline crossing at 81.32 is the next upside target. Closes below the 20 day moving average crossing at 79.53 are needed to confirm that a short term top has been posted.

First resistance is last Friday's high crossing at 80.83
Second resistance is the 50% retracement level of the 2009 decline crossing at 81.32

First support is the 10 day moving average crossing at 80.20
Second support is the 20 day moving average crossing at 79.53

Secrets of the 52 Week High Rule

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