by Jim Wyckoff, Senior Analyst TraderPlanet.com

APRIL CRUDE OIL

April crude oil closed up $2.95 at $102.59 a barrel today. Prices closed near the session high today and scored a bullish “outside day” up on the daily bar chart while hitting a fresh contract and all-time high. A sharply lower U.S. dollar recently continues to entice speculators to buy crude oil futures contracts. The next upside price objective for the bulls is to produce a close above solid resistance at $105.00. The next downside price objective for the bears is producing a close below solid technical support at $96.00 a barrel. First resistance is seen at today’s contract high of $102.97 and then at $104.00. First support is seen at $102.00 and then at $101.00.

Wyckoff’s Market Rating: 10.0

APRIL HEATING OIL

April heating oil closed up 750 points at $2.8228 today. Prices closed near the session high, scored a bullish “outside day” up on the daily bar chart and hit a fresh contract and all-time high today. The bulls’ next upside price objective is closing prices above solid resistance at $2.9000. Bears’ next downside price objective is producing a close below solid technical support at $2.6910. First resistance lies at today’s contract high of $2.8333 and then at $2.8500. First support is seen at $2.8000 and then at $2.7500.

Wyckoff’s Market Rating: 9.5

APRIL UNLEADED GAS

April (RBOB) unleaded gasoline closed up 238 points at$2.6717 today. Prices closed near the session high today. The next upside price objective for the bulls is closing prices above solid resistance at the contract high of $2.7556. Bears’ next downside price objective is closing prices below solid support at $2.6000. First resistance is seen at $2.7000 and then at this week’s high of $2.7250. First support is seen at today’s low of $2.6201 and then at $2.6000.

Wyckoff’s Market Rating: 8.0

APRIL NATURAL GAS

April natural gas closed up 37.5 cents at $9.435 today. Prices closed near the session high today and hit a fresh contract high. Bulls still have the solid upside technical advantage and gained more power today. There are no strong technical clues of a market top being close at hand. The next upside price objective for the bulls is closing prices above solid technical resistance at $9.75. The next downside price objective for the bears is closing prices below solid technical support at $9.00. First resistance is seen at today’s contract high of $9.498 and then at $9.60. First support is seen at $9.30 and then at $9.20.

Wyckoff’s Market Rating: 8.5