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Market Analysis - 06.15.2020

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:

33.16

33.78

34.48

34.88

35 - GEX

35.85


Key Resistance Levels:

36 - GEX

36.35

37.07

37.88

38.83

41.05


Auction Profile:

Down auction


/CL futures are trading below the previous value area after price gapped down overnight. Contracts are ranging between 34.48 and 35.85. Consolidation is the most likely near term scenario until aggressive buyers or sellers enter the market.

S&P 500


Key Support Levels:

2832.25

2846.75

2883.50

2945.75

2950 - GEX


Key Resistance Levels: 2976

3000 - GEX

3013.50

3037

3051.25


Auction Profile:

Down auction


/ES futures are trading below the previous value area after a sharp decrease in price overnight. Support has been found around 2923 near the bottom of the current high volume node. Resistance exists toward the top of the HVN near 2976. Expect price to remain in this range until strong buyers or sellers push the market out of balance.

NATURAL GAS


Key Support Levels:

1.674

1.70 - GEX

1.725


Key Resistance Levels:

1.75

1.819

1.84

1.86

1.896