Market Analysis - 01.28.2020
OVERALL MARKET Yesterday, was a range day for both $CL and $ES as the markets digested all of the #coronavirus news from the weekend as well as started a holding pattern in anticipation of the FOMC meeting on Wednesday. CRUDE OIL Looking at $CL GEX levels, the market is continuing to price oil futures to stay between $50-55 per contract through March. Key SR Levels: Lower support still holding between $51.50-52. Point of control (fair value) currently ~$52.88. Upper resistanc