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Market Analysis - 03.31.2020

Updated: Apr 1, 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 - GEX

20.52


Key Resistance Levels:

22 - GEX

22.39

23.25

25.10


Auction Profile:

Range bound


/CL futures are trading in a narrow range above the previous value area. Little directional conviction exists between buyers and sellers with elevated upside risk.

S&P 500


Key Support Levels:

2386

2411.25

2489

2500 - GEX

2554

2591.75


Key Resistance Levels:

2600 - GEX

2619

2658.75

2694.25


Auction Profile:

Range bound


/ES futures are trading in a narrow range within the upper portion of the previous value area. The low volume area above 2619 remains a strong resistance area, so look for price to get strongly rejected there. Expect another range bound day.

NATURAL GAS


Key Support Levels:

1.50 - GEX

1.526

1.565

1.611

1.655


Key Resistance Levels:

1.678

1.7

1.717

1.74

2 - GEX


Auction Profile:

Range bound


/NG futures are currently trading above the previous value area with a strong rejection around 1.725. Expect a range day between 1.655 and 1.717.