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.||@SB.H23||SUGAR #11 WORLD MARCH 2023||20.26||+0.28||+1.38%||26,694||+100|
|2.||@SB.V22||SUGAR #11 WORLD OCTOBER 2022||19.96||-0.12||-0.60%||24,990||+100|
|3.||CL.N22||CRUDE OIL Jul 2022||107.79||+0.92||+0.86%||17,145||+100|
|4.||MCL.N22||CRUDE OIL MICRO Jul 2022||107.81||+0.89||+0.83%||12,670||+100|
|5.||QCL.M23||CRUDE OIL Jun 2023||90.35||-0.25||-0.29%||8,749||+100|
|6.||@SB.K23||SUGAR #11 WORLD MAY 2023||19.49||+0.26||+1.33%||8,729||+100|
|7.||ZW.H23||WHEAT Mar 2023||1243.00||+11.50||+0.93%||4,297||+100|
|4.||PBR||Petroleo Brasileiro S.A.- Petrobras||14.76||-0.40||-2.64%||21,916,811||+90|
|7.||CPG||Crescent Point Energy Ordinary Shares (Canada)||7.435||-0.235||-3.06%||14,368,733||+90|