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Market Analysis - 06.08.2020

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:

35.85

36.35

37 - GEX

37.88

38.83


Key Resistance Levels:

40 - GEX

41.05


Auction Profile:

Up auction


/CL futures are trading within the previous value area after price was rejected strongly around the high call gamma strike. Upside risk remains elevated.

S&P 500


Key Support Levels:

3075

3090.50

3129.50

3152

3180 - GEX


Key Resistance Levels:

3214.75

3230 - GEX


Auction Profile:

Up auction


/ES futures are trading just above the previous value area nearing resistance around 3214.75. Upside risk is elevated, barring any significant news catalyst.

NATURAL GAS


Key Support Levels:

1.75 - GEX


Key Resistance Levels:

1.819

1.84

1.86

1.896

1.95 - GEX


Auction Profile:

Range bound


/NG futures are trading far below the previous value area after price has moved lower overnight. Support remains at 1.75 with downside risk elevated today.

NASDAQ


Key Support Levels: