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Market Analysis - 04.27.2020

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:

6.73

11.79

12.50 - GEX


Key Resistance Levels:

13.73

15.37

17.88

19.35

20 - GEX


Auction Profile:

Down auction


/CL futures are trading far below the previous value area as the contracts plunge past two support areas. This is indicative of strong selling pressure with likely continued follow through. Risk to the downside is extremely elevated today.

S&P 500


Key Support Levels:

2699.75

2750.25

2810.50

2825 - GEX

2846.75


Key Resistance Levels:

2880 - GEX

2883.50


Auction Profile:

Range bound


/ES futures are trading above previous value area today, just above support at 2846.75. Upside risk is elevated, with 2883.50 coming in as the next resistance level.

NATURAL GAS


Key Support Levels:

1.60 - GEX

1.757


Key Resistance Levels:

1.75 - GEX (STRONG)

1.81

1.831

1.86


Auction Profile:

Down auction


/NG futures are trading far below the previous value area and showing strong support at 1.613. Downside risk remains elevated.

NASDAQ