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Market Analysis - 04.21.2020

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:

14 - GEX

15.37


Key Resistance Levels:

19.35

21.01

21.56

21.94

23.02

24 - GEX



Auction Profile:

Down auction


/CL futures have plunged today. Expect high volatility for the near future as the markets digest negative prices from the May contract.

S&P 500


Key Support Levels:

2699.75

2750 - GEX

2750.25


Key Resistance Levels:

2800 - GEX

2810.50

2846.75

2883.50


Auction Profile:

Range bound


/ES futures are trading below the previous value area around strong support at 2750.25. Downside risk is elevated.

NATURAL GAS


Key Support Levels:

1.75 - GEX

1.564

1.613

1.697


Key Resistance Levels:

1.719

2.00 - GEX

1.757

1.81

1.831

1.86


Auction Profile:

Up auction


/NG futures are trading far above the previous value area indicating strong buying pressure. Strong rejection occurred at 1.971 and that price could remain as a resistance level for the near term. Upside risk is elevated.