April crude oil closed down $0.56 at $80.31 a barrel yesterday. Prices closed near mid-range yesterday. Price pressure came from a stronger U.S. dollar and lower gold prices yesterday. Crude oil bulls still have the 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. The next downside price objective for the crude oil bears is to produce a close below solid technical support at $75.00. First resistance is seen at this week's high of $81.23 and then at $82.00. First support is seen at $80.00 and then at yesterday's low of $79.70.

Wyckoff's Market Rating: 6.5.

Source: VantagePoint Intermarket Analysis Software

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April heating oil closed down 217 points at $2.0720 yesterday. Prices closed nearer the session low yesterday. A four-week-old uptrend is still in place on the daily bar chart. Bulls still have the near-term technical advantage. The bulls' next upside price objective is closing prices above solid technical resistance at $2.1500. Bears' next downside price objective is producing a close below solid technical support at $1.9764. First resistance lies at last week's high of $2.1000 and then at $2.1250. First support is seen at $2.0500 and then at $2.0300.

Wyckoff's Market Rating: 6.0.

April (RBOB) unleaded gasoline closed down 116 points at $2.2360 yesterday. Prices closed near mid-range yesterday. Bulls still have the near-term technical advantage. The next upside price objective for the bulls is closing prices above solid technical resistance at the January high of $2.2972. Bears' next downside price objective is closing prices below solid support at $2.1271. First resistance is seen at this week's high of $2.2507 and then at $2.2750. First support is seen at yesterday's low of $2.2170 and then at $2.2000.

Wyckoff's Market Rating: 6.5.

April natural gas closed down 17.5 cents at $4.582 yesterday. Prices closed near the session low yesterday and hit a fresh contract low. Bears have the solid overall near-term technical advantage and gained more downside momentum yesterday. Prices are in a choppy nine-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 next downside price objective for the bears is closing prices below solid technical support at $4.50. First resistance is seen at $4.66 and then at $4.79. First support is seen at yesterday's contract low of $4.556 and then at $4.50.

Wyckoff's Market Rating: 1.0.