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Market Analysis - 03.26.2020

Updated: Mar 27, 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:

20.52

22.39

23 - GEX


Key Resistance Levels:

24.50 - GEX

25.10

26.05

27.45

28.28


Auction Profile:

Range bound


/CL futures are trading in a narrow range within the previous value area. This shows little conviction from buyers and sellers with elevated upside risk. Look for contracts to continue to remain between 22.39 and 25.10.

S&P 500


Key Support Levels:

2281

2300 - GEX

2323

2411.25


Key Resistance Levels:

2489

2554

2591.75

2600 - GEX


Auction Profile:

Range bound


/ES futures are trading within the bottom section of the previous value area. The stimulus bill was passed earlier this morning in the Senate, now the House will deliberate. Expect volatility to enter the market once the House vote is announced.

NATURAL GAS


Key Support Levels:

1.526

1.565

1.60 - GEX

1.611


Key Resistance Levels:

1.655

1.678

1.7

1.717

1.74

1.75 - GEX


Auction Profile:

Range bound


/NG futures are trading in a wider value area overlapping below the previous value area. This indicates sellers have entered the market and are in control. Look to support at 1.611.