Crude oil trades down on weak equity markets

Crude Oil futures declined below $85 on slightly poor retail sales data backed by weak equity indices and ample supplies at Cushing delivery point.
Stockpiles at Cushing reached 38.3 million barrels, the highest level since at least 2004, in the week ended Jan. 28, according to the Energy Department. The Energy Department is scheduled to release its weekly report at 21:00 tonight.
Earlier oil prices retreated as Egypt president Hosni Mubarak resigned and handed over the power to the Egyptian Army which pressure oil prices to trade near $85. The ICE Brent crude oil prices also fell narrowing the WTI/Brent spread ensuring supplies through Suez.
Natural gas futures recovered after declining almost 10% last week traded near $3.970 on heavy snow fall in Midwest and eastern regions.
NYMEX Crude oil has important resistance at $86, crucial support at $82.
Crude Oil: S1=3810, S2= 3780 R1=3880 R2=3910
Natural Gas: S1=179, S2=176, R1= 184, R2=186
Base metals trades down on sluggish demand

(Source: http://www.commodityonline.com/futures-trading/technical/Crude-oil-trades-down-on-weak-equity-markets-21985.html)