INO’s Analysis & Commentary
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INO.com’s Daily Market Analysis
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Key Events for the Day (Earnings, Reports, Initial Claims, and Filings)
8:30 AM U.S. Weekly Export Sales
9:00 AM March U.S. Monthly House Price Index
Technical Set-Ups & Resistance Levels
“Heating oil was lower overnight as it extends this week’s decline. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If it extends this week’s decline, last Wednesday’s low crossing at $$$ is the next downside target. Closes above the 10-day moving average crossing at $$$ is the next upside target. First resistance is the ten-day moving average crossing at $$$$…”
“June gold was lower overnight as it extends the trading range of the past six days. The low-range close sets the stage for a steady to lower opening when
the day session begins trading.”
Covers: Stocks & Indexes, Interest Rates, Energy Markets, Currencies, Precious Metals, Food & Fiber, Grains, Soybeans, and Livestock.
Major Market Movement Recap
|1.||6A.H21||AUSTRALIAN $ Mar 2021||0.79520||-0.00160||-0.20%||118,088||+100|
|2.||RTY.H21||RUSSELL 2000 (E-MINI) Mar 2021||2239.3||-54.7||-2.38%||112,303||+100|
|3.||CL.Z21||CRUDE OIL Dec 2021||59.13||-0.06||-0.10%||43,763||+100|
|4.||M6E.H21||E-MICRO EUR/USD Mar 2021||1.2232||+0.0079||+0.65%||26,404||+100|
|5.||@CC.N21||COCOA JULY 2021||2594||+52||+2.05%||8,248||+100|
|6.||E7.H21||EURO FX (E-MINI) Mar 2021||1.2232||+0.0079||+0.65%||7,400||+100|
|7.||QCL.Z21||CRUDE OIL Dec 2021||59.15||+0.17||+0.29%||4,909||+100|
|2.||BAC||Bank of America Corp||36.24||-0.14||-0.38%||39,317,173||+90|
|3.||NCLH||Norwegian Cruise Line Holdings||29.39||-1.88||-6.01%||25,453,602||+90|
|7.||X||United States Steel Corp||18.355||-0.955||-4.95%||13,939,782||+100|