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Market Analysis - 05.25.2020

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:

28.24

29.18

30 - GEX

30.05

32.73


Key Resistance Levels:

33.78

34.89

35 - GEX

36.35

41.05


Auction Profile:

Range bound


/CL futures are trading above the previous value area as contracts once again rise to resistance around 33.78. There remains strong resistance around 34.88 and considering today is a national holiday, expect volume to be light and price to remain range bound.

S&P 500


Key Support Levels:

2846.75

2883.50

2940 - GEX

2945.75

2976


Key Resistance Levels:

3000 - GEX

3037


Auction Profile:

Range bound


/ES futures are trading above the previous value area and above support after significant buying came in overnight. Next major resistance level is around 3037. Expect range bound price action as volume is low today.

NATURAL GAS


Key Support Levels:

1.564

1.613

1.697

1.70 - GEX

1.719


Key Resistance Levels:

1.75 - GEX

1.757

1.831

1.86

1.912


Auction Profile:

Range bound