Search

Market Analysis - 06.01.2020

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:

32.27

32 - GEX

33.16

33.78

34.88


Key Resistance Levels:

36 - GEX

36.35


Auction Profile:

Up auction


/CL futures are trading above the previous value area in a tight range as contracts consolidate between 34.88 and 36. Watch for a breakout to either side when aggressive participants enter the market.

S&P 500


Key Support Levels:

2945.75

2976

3013.50

3010 - GEX

3037


Key Resistance Levels:

3050 - GEX

3055


Auction Profile:

Range bound


/ES futures are trading above the previous value area yet remain within Thursday's value area. The most likely outcome for the day is for price to stay between the high call and high put gamma strikes.

NATURAL GAS


Key Support Levels:

1.75 - GEX


Key Resistance Levels:

1.819

1.84

1.896

1.951

2 - GEX


Auction Profile:

Down auction


/NG futures are trading in the lower portion of the previous value area. Downward pressure continues to mount as price moves lower. The high put gamma strike may hold as support, but downside risk remains elevated.

NASDAQ


Key