On Monday, the ES (S&P 500 futures) rebounded sharply as expected, reaching resistance near 5725. In today’s pre-market, ES pulled back to around 5655. The NQ (Nasdaq futures) also pulled back to around 19970. As repeatedly emphasized: index futures are in a rebound, not a reversal — caution is warranted as rallies face resistance and may retrace. However, overall market momentum remains intact, and current price action is simply a normal high-level consolidation near key resistance zones.
Our futures trading club is simultaneously holding both long positions (at support) and short positions (at resistance), which is a solid strategy during wide swings. Remember: Markets are born in despair, grow in hesitation (watch the formation of the third key support zone on the daily chart), and end in euphoria.
It’s crucial to have a trading plan in advance and patiently wait for key support/resistance levels before acting.
• ES strong support: 5591 and 5483
• ES rebound targets/resistance: 5725 (shorted last Friday) and 5771
• YM support: 40790 and 39970
• YM major resistance: 41650
• NQ focal level: 19890
• NQ strong support: 19450
• NQ major resistance: 20380
• RTY strong support: 1941 and 1919
• RTY major resistance: 2051
For index futures, the daily trend still favors buying on support.
Gold (GC M25):
After hitting a new high of 3509 in April, gold pulled back and found support near 3210, rebounding to around 3330 today.
Although gold continues to make new highs, its pullbacks have also been significant. Hedging with short positions remains important.
We’ve profited from both long and short trades on gold. The overall trend is strongly bullish. The main strategy remains buying on support, but be cautious of consolidation and pullbacks at high levels.
• Strong support: 3221
• Key resistance: 3360 and 3435
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Crude Oil (CL M25):
After opening lower on Sunday, crude stabilized around 55.3 and rebounded to around 57.5 at today’s open.
The main approach continues to be buying on support.
• Support levels: 56.1 and 54.2
• Targets/resistance: 60.5 and 62.8
Natural Gas (NG M25):
Stabilized and rebounded near 3.0. The strategy remains bullish with buy-on-dip approach.
Natural gas is known for extreme moves — daily swings of 5%-10% are common.
• Strong support: 2.91
• Target/resistance: 4.03
Treasury Bonds (ZB M25):
Rebound met resistance and turned lower. Like natural gas, ZB is also prone to extreme movements. The main strategy is still buying on support.
• Strong support: 112’15
• Targets/resistance: 118’10 and 121’23
US Dollar Futures:
Dropped sharply to strong support near 98 and rebounded. This 98 zone is crucial. If it breaks, watch for further downside toward support near 96.
Non-USD currency long positions should consider taking some profit.
Bitcoin Futures (BTC):
Stabilized near 75,000 in April, then surged to the first target near 98,500 — take profits on long positions.
• Support zones: 87,000 and 79,000 (both are buy zones)
• Major bull target/resistance: 100,000
Risk Warning:
The market involves risks. Please invest with caution.
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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