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Market Analysis - 05.04.2020

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:

13.73

15.37

17 - GEX

17.88

18.50


Key Resistance Levels:

19.35

20.42

21.01

21.56

21.94

22 - GEX


Auction Profile:

Range bound


/CL futures are trading within the previous value area. Contracts likely to remain between 17.88 and 20.42 today, with upside risk elevated.

S&P 500


Key Support Levels:

2630.75

2699.75

2730 - GEX

2750.25


Key Resistance Levels:

2810.50

2846.75

2850 - GEX

2883.50

2945.75


Auction Profile:

Down auction


/ES futures are trading below the previous value area with selling pressure continuing to mount. Lots of liquidity between 2750.25 and 2810.50, which will likely hold price within that range. Downside risk remains elevated today.

NATURAL GAS


Key Support Levels:

1.75 - GEX

1.831

1.86

1.912


Key Resistance Levels:

1.971

2 - GEX

2.016


Auction Profile:

Range bound


/NG futures are trading above the previous value area. Rejection is coming in around 1.971, however, buyer