Energy Markets Daily

Technicals: Oversold Across the Board


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Welcome to Energy Markets Daily. Tuesday, February 10, 2026 — Technicals.
CRUDE OIL TECHNICALS:
WTI bouncing inside a symmetrical triangle. Primary downtrend intact until breakout.
SUPPORT LEVELS:
- $63.00-$63.58 triangle bottom
- $62.00 ascending support
- $61.21 zero Fibonacci level
RESISTANCE LEVELS:
- $64.00 descending trend line
- $64.80-$65.00 zone
- $65.50 next target
FIBONACCI EXTENSIONS:
- 38.2% at $64.08
- 50% at $64.96
- 61.8% at $65.85
MOVING AVERAGES: 100 SMA above 200 SMA but gap narrowing. Bulls losing momentum.
OUR READ: Range-bound $61-$65. Short rallies toward $65.
NATURAL GAS TECHNICALS:
Henry Hub at $3.12 support zone. Oversold across the board.
INDICATORS:
- RSI at 29 — OVERSOLD
- Stochastic at 21 — OVERSOLD
- STOCHRSI at 16 — EXTREME OVERSOLD
- Williams %R at -94 — OVERSOLD
- All moving averages flashing sell
OUR READ: Extreme oversold. Technical bounce imminent. Add here.
Trade the technicals. Not the emotions.
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Energy Markets DailyBy EMD