March crude oil closed higher on optimism over a financial rescue package for Greece on Tuesday as it extended the rebounded off the 87% retracement level of the September-January rally crossing at 69.58. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are diverging but are turning neutral with today's rally signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 75.80 are needed to confirm that a short-term low has been posted. If March extends the decline off January's high, September's low crossing at 67.46 is the next downside target. First resistance is today's high crossing at 74.15. Second resistance is the 20-day moving average crossing at 75.80. First support is last Friday's low crossing at 69.50. Second support is September's low crossing at 67.46.

March heating oil closed higher on Monday as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are diverging but are turning neutral hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 198.94 are needed to confirm that a short-term low has been posted. If March extends this winter's decline, September's low crossing at 179.95 is the next downside target. First resistance is today's high crossing at 194.99. Second resistance is the 20-day moving average crossing at 198.94. First support is last Friday's low crossing at 182.72. Second support is September's low crossing at 179.95.

March unleaded gas closed higher due to short covering on Tuesday as it consolidated some of the decline off January's high. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are diverging but are bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off January's high, the 87% retracement level of the September-January rally crossing at 178.69 is the next downside target. Closes above the 20-day moving average crossing at 199.27 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 194.38. Second resistance is the 20-day moving average crossing at 199.27. First support is last Friday's low crossing at 184.19. Second support is the 87% retracement level of the September-January rally crossing at 178.69.

March Henry natural gas closed lower on Tuesday and below the 10-day moving average crossing at 5.343 following yesterday's downside reversal. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are turning neutral to bearish hinting that sideways to lower prices are possible near-term. Closes below last Thursday's low crossing at 5.227 are needed to confirm that a short-term top has been posted. If March extends the rally off January's low, the reaction high crossing at 5.804 is the next upside target. First resistance is Monday's high crossing at 5.680. Second resistance is the reaction high crossing at 5.804. First support is last Thursday's low crossing at 5.227. Second support is January's low crossing at 5.060.