Date : 1 July, 2025
The second half of 2025 begins with ES and NQ reaching new highs. Our futures group has repeatedly reminded everyone: market trends often start in despair (March and April this year), grow during hesitation (May and June), and end in excitement (be extra cautious in Q3). We always follow this approach: plan the trade (not predict), wait patiently, and only act around key support and resistance areas.
Even though ES and NQ hit new highs, the market remains in a wide and volatile range. There is still no sign of a strong uptrend or downtrend.
Key Levels:
• ES (S&P Futures):
Strong support: 6151 and 6048
Major target and strong resistance: 6145 and 6198
• YM (Dow Futures):
Strong support: 43780 and 43090
Strong resistance: 44550
• NQ (Nasdaq Futures):
Key level: 22610
Strong support: 23230 and 21880
Major target and strong resistance: 22940
• RTY (Russell Futures):
Strong support: 2157 and 2093
Major target and strong resistance: 2202 and 2225
For now, focus on buying near support on the daily chart.
Gold (GC – Q25):
Last week, we went long around 3282. Before the market opened today, gold bounced to near 3370. We have seen good results from both long and short trades in gold recently. The uptrend remains strong, so buying on pullbacks is still the main strategy. But watch out for high-level volatility and pullbacks.
Strong support: 3282 and 3238
Strong resistance: 3392 and 3455
Crude Oil (CL – Q25):
Oil has been very volatile due to news events. It failed near 79 and dropped as low as 64. The strategy remains to buy on pullbacks.
Support: 63.7 and 61.2
Target and strong resistance: 70.8 and 75.2
Natural Gas (NG – Q25):
Natural gas bounced to near 3.75 but then dropped. It tends to move in extreme ways, often swinging 5%–10% in a day.
Strong support: 3.21
Target and strong resistance: 4.13
Bonds (ZB – Q25):
Bonds also show extreme moves both ways. Stay focused on buying near support.
Strong support: 113’25 and 111’15
Target and strong resistance: 116’10 (which it reached today before the market opened) and 118’23
US Dollar Futures:
We have warned many times to watch for a pullback to the 96 area. For non-USD currencies, it may be a good time to take partial profits on long positions.
Bitcoin Futures (BTC):
BTC reached the long-standing target near 110000 and pulled back.
Support: 98000 and 92000 (good areas to consider buying again)
Major target and strong resistance: 110000
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