Crude oil closed up $0.31 at $81.81 a barrel today. Prices closed nearer the session high today and hit another fresh two month high. Crude oil bulls have the solid overall near term technical advantage. The next upside price objective for the bulls is producing a close above solid technical resistance at the January high of $84.96 a barrel.
April natural gas closed down 5.8 cents at $4.535 today. Prices closed near the session high today and hit another fresh contract low. Bears have the solid overall near term technical advantage. Prices are in a 10 week old downtrend on the daily bar chart. The next upside price objective for the bulls is closing prices above solid technical resistance at $5.00.
The June U.S. dollar index closed down 5 points at 80.69 today. Prices closed nearer the session high today. Trading has turned choppy. The bulls still have the overall near term technical advantage. Prices are still in a three month old uptrend on the daily bar chart.
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