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Market Analysis - 03.16.2020

We provide key support and resistance levels for the following futures products daily:

Crude Oil (/CL)

S&P 500 (/ES)

NASDAQ (/NQ)

Natural Gas (/NG)

Euro (/6E)

British Pound (/6B)

CRUDE OIL


Key Support Levels:

26.05

28 - GEX


Key Resistance Levels:

29.43

30.82

31 - GEX

32.10

33.53

35.21

36.35


Auction Profile:

Range bound


/CL futures are drifting lower overnight as volatility continues to hit markets. Expect continued range bound movement with oversized downside risk.

S&P 500


Key Support Levels:

2411.25

2489

2500 - GEX

2554


Key Resistance Levels:

2591.75

2600 - GEX

2619

2729.50

2782.50

2800


Auction Profile:

Range bound


/ES futures are currently halted due after a strong move to the downside after US economic measures were not up to market expectations. Downside risk remains elevated.

NATURAL GAS


Key Support Levels:

1.75 - GEX

1.778


Key Resistance Levels:

1.802

1.841

1.884

1.918

1.966

1.995

2 - GEX


Auction Profile:

Range bound


NASDAQ