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Market Analysis - 04.14.2020

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:

19.35

20 - GEX

20.52


Key Resistance Levels:

22.39

23.25

24 - GEX

25.10

26.05


Auction Profile:

Down auction


/CL futures are falling below the previous value area into a low volume zone. Expect support come in around 20.52 and for contracts to remain below 23.25 today.

S&P 500


Key Support Levels:

2694.25

2729.50

2750 - GEX

2782.50


Key Resistance Levels:

2815

2825 - GEX

2855

2782.50


Auction Profile:

Range bound


/ES futures are trading above the previous value area. Strong resistance exists at 2815 as this was the area where price was rejected at the open Sunday evening. Upside risk is elevated.

NATURAL GAS


Key Support Levels:

1.50 - GEX

1.611

1.655

1.678


Key Resistance Levels:

1.70

1.717

1.74

1.761

1.778

2 - GEX


Auction Profile:

Down auction


/NG futures are trading in the lower half of the previous value area. Sellers are firmly in control while price is in a support area. If price drops below 1.678, expect continuation to 1.655. Otherwise, price is likely to remain below 1.74.