April crude oil closed up $0.11 at $82.20 a barrel yesterday. Prices closed near the session high yesterday. Crude oil bulls have the solid overall near-term technical advantage. However, recent history has shown that as prices approach $85.00 a barrel, rallies do peter out. 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 $77.00. First resistance is seen at this week's high of $83.03 and then at $83.50. First support is seen at yesterday's low of $81.33 and then at $81.00.

Wyckoff's Market Rating: 7.0.

Source: VantagePoint Intermarket Analysis Software

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April heating oil closed up 49 points at $2.1211 yesterday. Prices closed near the session high yesterday. A five-week-old uptrend is in place on the daily bar chart. Bulls have the near-term technical advantage. The bulls' next upside price objective is closing prices above solid technical resistance at $2.1750. Bears' next downside price objective is producing a close below solid technical support at $1.9764. First resistance lies at this week's high of $2.1347 and then at $2.1500. First support is seen at $2.1000 and then at $2.0786.

Wyckoff's Market Rating: 6.5.

April (RBOB) unleaded gasoline closed down 82 points at $2.2769 yesterday. Prices closed near mid-range yesterday. Bulls still have the solid near-term technical advantage. The next upside price objective for the bulls is closing prices above solid technical resistance at $2.3500. Bears' next downside price objective is closing prices below solid support at $2.1750. First resistance is seen at yesterday's high of $2.2857 and then at $2.3000. First support is seen at yesterday's low of $2.2590 and then at this week's low of $2.2380.

Wyckoff's Market Rating: 7.5.

April natural gas closed down 11.3 cents at $4.446 yesterday. Prices closed nearer the session low and hit a fresh contract low again yesterday. Bears still 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 next downside price objective for the bears is closing prices below solid technical support at $4.25. First resistance is seen at $4.60 and then at $4.70. First support is seen at yesterday's contract low of $4.415 and then at $4.35.

Wyckoff's Market Rating: 1.0.