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Market Analysis - 05.01.2020

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:

11.79

13.73

15.37

17 - GEX

17.88

19.35


Key Resistance Levels:

20 - GEX

21.01

21.56

21.94


Auction Profile:

Up auction


/CL futures are trading far above the previous value area. The volatility in these contracts recently will more than likely continue. Today, upside risk is elevated.

S&P 500


Key Support Levels:

2800 - GEX

2810.50


Key Resistance Levels:

2846.75

2860 - GEX

2883.50

2945.75


Auction Profile:

Range bound


/ES futures are trading below the previous value area with selling pressure continuing to mount. Downside risk remains elevated today.

NATURAL GAS


Key Support Levels:

1.75 - GEX

1.831

1.86

1.912

1.971


Key Resistance Levels:

2 - GEX

2.016


Auction Profile:

Range bound


/NG futures are trading far above the previous value area in a wide range. Strong rejection at 2.016, yet buying activity has continued. Upside risk is elevated.

NASDAQ


Key Support Levels:

8374.50