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Market Analysis - 05.07.2020

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:

20 - GEX

21.56

21.94

23.02

24

25.49


Key Resistance Levels:

26.75

28 - GEX


Auction Profile:

Up auction


/CL futures are trading far above the previous value area and are approaching resistance around 26.75. Upside risk is elevated.

S&P 500


Key Support Levels:

2699.75

2750.25

2810.50

2846.75

2850 - GEX


Key Resistance Levels:

2883.50

2900 - GEX

2945.75


Auction Profile:

Range bound


/ES futures are trading slightly above the previous value area while again showing resistance around the 2883.50 level. Upside risk is elevated.

NATURAL GAS


Key Support Levels:

1.75 - GEX

1.831

1.86

1.912

1.971


Key Resistance Levels:

2 - GEX

2.016

2.116


Auction Profile:

Range bound


/NG futures are trading above the previous value area having recently broken through resistance at 1.971. Upside risk is elevated today.