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Market Analysis - 06.18.2020

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

37.07

37.88

38 - GEX


Key Resistance Levels:

38.45

38.83

39 - GEX

40

41.05


Auction Profile:

Range bound


/CL futures are trading again 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:

3000 - GEX

3013.50

3037

3051.25

3075


Key Resistance Levels: 3090.50

3129.50

3100 - GEX

3152

3190


Auction Profile:

Up auction


/ES futures are trading below the previous value area after strong resistance came in around 3120 overnight. Downside risk is elevated, but the strong support which exists around 3075 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 within the previous value area in a narrow range. Consol