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Market Analysis - 04.29.2020

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

12.5 - GEX

10.27

11.79

13.73


Key Resistance Levels:

15.37

16 - GEX

17.88

19.35


Auction Profile:

Range bound


/CL futures are trading above the previous value area in a narrow range. Upside risk is elevated today.

S&P 500


Key Support Levels:

2699.75

2750.25

2810.50

2846.75

2855 - GEX


Key Resistance Levels:

2883.50

2890 - GEX


Auction Profile:

Up auction


/ES futures are trading above the previous value area today but contracts are hugging support around 2883.50. The FOMC meeting should hamper activity until after the minutes are read.

NATURAL GAS


Key Support Levels:

1.75 - GEX

1.831

1.86

1.912

1.971


Key Resistance Levels:

2 - GEX


Auction Profile:

Range bound


/NG futures have are trading within the previous value area in a narrow range. Little conviction from buyers or sellers is present with downside risk elevated.

NASDAQ