Swing Trading Strategies & Stock Picks Since 2003

ENERGIES: March crude oil closed up $0.37 a barrel at
$99.77 today. Prices closed nearer the session low today
and were mildly supported by a weaker U.S. dollar index
today. Crude oil bulls have the overall near-term technical
advantage. However, the going does get tough for the bulls
once prices move above the key $100.00 level. The next
near-term upside price breakout objective for the crude oil
bulls is producing a close above solid technical resistance
at the January high of $103.90 a barrel. The next near-term
downside price breakout objective for the crude oil bears
is to produce a close below solid technical support at
$95.00. First resistance is seen at $100.00 and then at
today's high of $101.39 and then at $102.00. First support
is seen at $99.00 and then at $98.00. Wyckoff's Market
Rating: 6.5.

March heating oil closed up 365 points at $3.0469 today.
Prices closed nearer the session high today. Bulls have the
overall near-term technical advantage. The bulls' next
upside price breakout objective is closing prices above
solid technical resistance at the January high of $3.1286.
Bears' next downside price breakout objective is producing
a close below solid technical support at $2.9500. First
resistance lies at today's high of $3.0580 and then at
$3.0750. First support is seen at today's low of $3.0232
and then at $3.0000. Wyckoff's Market Rating: 6.5.

March unleaded gasoline closed up 140 points at
$2.8514 today. Prices closed near mid-range today and hit a
fresh six-month high. Bulls have the overall near-term
technical advantage. The next upside price breakout
objective for the bulls is closing prices above solid
technical resistance at the August high of $2.9525. Bears'
next downside price breakout objective is closing prices
below solid support at $2.7225. First resistance is seen at
today's high of $2.8700 and then at $2.9000. First support
is seen at today's low of $2.8360 and then at $2.8000.
Wyckoff's Market Rating: 7.0.

March natural gas closed down 12.2 cents at $2.647 today.
Prices closed nearer the session low today and scored a
bearish "outside day" down on the daily bar chart. The
bulls were gaining some upside technical momentum but saw a
setback today. Bears have the overall near-term technical
advantage. The next upside price breakout objective for the
bulls is closing prices above major psychological
resistance at $3.00. The next downside price breakout
objective for the bears is closing prices below solid
technical support at this week's contract low of $2.289.
First resistance is seen at today's high of $2.838 and then
at $2.90. First support is seen at today's low of $2.588
and then at $2.50. Wyckoff's Market Rating: 2.0.