ES (S&P 500 futures) hit the previously highlighted target and resistance near 6147 (with a high of 6146.75), and the market remains in a pattern of choppy consolidation at high levels. As often said, markets are born in despair (always works), grow in hesitation, and end in euphoria. We’ve repeatedly mentioned that this leg of the futures rebound would struggle to reach new highs. It’s crucial to plan trades in advance and patiently wait for key support and resistance zones before acting.
Key Levels – Equity Index Futures
• ES (S&P Futures)
• Support: 6097, 6054
• Target & Resistance: 6147, 6179
• YM (Dow Futures)
• Strong Support: 44170
• Target & Strong Resistance: 44850 (already reached), 45220
• NQ (Nasdaq Futures)
• Midpoint: 21950
• Support: 21750
• Target & Strong Resistance: 22270
• RTY (Russell 2000 Futures)
• Support: 2262, 2247
• Target & Resistance: 2332
On a daily timeframe, the strategy continues to favor buying on pullbacks to support—many such opportunities have already occurred this year.
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Commodities
• Gold (GC J25)
• Reached a new high last night near 2968, but then sharply pulled back.
• Trend remains strongly bullish, so buying on support is still the strategy, but be cautious of high-level consolidation and pullbacks.
• Support: 2904, 2876
• Resistance: 2958, 2979
• Crude Oil (CL H25)
• Pulled back again to the highlighted 70.45 support and rebounded, reaching 72 in pre-market before pulling back.
• Continue buying on dips as the primary strategy.
• Support: 70.45
• Resistance/Target: 74.9
• Natural Gas (NG H25)
• Rallied to around 3.75, now consolidating.
• The strategy remains bullish on pullbacks. NG often exhibits extreme intraday moves (5%-10%).
• Support (G25): 3.47
• Resistance/Target: 3.80, 4.10
• Treasuries (ZB Z24)
• Stabilized and rebounded from the flagged support at 113’25.
• ZB tends to move in extremes both ways, so continue buying on pullbacks.
• Support: 113’25
• Target/Resistance: 116’25, 118’20
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Currencies & Crypto
• U.S. Dollar Futures
• After multiple rebounds, the dollar kept getting rejected at the long-flagged resistance around 109.5.
• Strong support: 105.5
• The expected rebound in non-USD currencies is unfolding—consider partial profit-taking.
• BTC Futures
• Pulled back again to around 95,000, then rebounded.
• Further support: 93,000, 89,000 (good zones to add long)
• Bullish targets/resistance: 103,000, 110,000
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Reminder:
Markets involve risk—invest with caution and proper risk management.
More Information/Reports/Video/Analysis please contact us—info@the-currency-store.com. We offer fully customised content services tailored to you needs.
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