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.||QNG.J22||NATURAL GAS Apr 2022||4.338||+0.123||+2.83%||29,817||+90|
|2.||SR3.Z21||3 MONTH SOFR Dec 2021||99.9450||-0.0025||-0.00%||22,800||+90|
|3.||QNG.V22||NATURAL GAS Oct 2022||4.360||+0.116||+2.73%||13,600||+100|
|4.||ZM.H22||SOYBEAN MEAL Mar 2022||348.6||+2.0||+0.58%||8,578||+85|
|5.||LE.Z21||LIVE CATTLE Dec 2021||138.900||+0.800||+0.58%||2,961||+100|
|6.||QNG.K22||NATURAL GAS May 2022||4.225||-0.060||-1.40%||2,510||+100|
|7.||QBZT.F22||BRENT CRUDE OIL LAST DAY (TAS) Jan 2022||0.00||0||0.00%||2,073||+85|
|2.||LI||Li Auto Inc. - American Depositary Shares||35.2350||+2.8350||+8.75%||11,949,208||+100|
|4.||LGVN||Longeveron Inc. - common stock||31.63||+0.96||+3.13%||3,787,079||+90|
|7.||GOEV||Canoo Inc. - Class A||12.42||+0.20||+1.64%||2,373,893||+100|