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Market Analysis - 06.17.2020

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:

36.35

37 - GEX

37.88


Key Resistance Levels:

38 - GEX

38.45

38.83

40

41.05


Auction Profile:

Range bound


/CL futures are trading within the previous value area after price was rejected around 38.83 overnight. Consolidation is likely today until aggressive buyers or sellers enter the market and push price outside of the range between 37.50 and 38.83.

S&P 500


Key Support Levels:

3051.25

3075

3090.50

3115 - GEX

3129.50


Key Resistance Levels:

3152

3190

3200 - GEX

3214.75


Auction Profile:

Up auction


/ES futures are trading slightly above the previous value area after strong support around 3100 overnight. Upward risk is elevated, but strong resistance exists around 3152 may prove powerful.

NATURAL GAS


Key Support Levels:

1.50 - GEX

1.60


Key Resistance Levels:

1.636

1.674

1.725

1.75

1.80 - GEX


Auction Profile:

Down auction


/NG futures are trading below the previous value area in a narrow range. Consolidation will continue until aggressive participants enter the market and push price above 1.636 or below 1.60 strongly.