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.||YM.Z21||DJ $5 (E-MINI) Dec 2021||35490||-2||-0.01%||5,307||+100|
|2.||MYM.Z21||MICRO E-MINI DOW JONES Dec 2021||35490||+10||+0.03%||3,358||+100|
|3.||6C.Z21||CANADIAN $ Dec 2021||0.80840||+0.00010||+0.01%||1,481||+100|
|4.||RBT.F22||RBOB GASOLINE (TAS) Jan 2022||1||0||0.00%||1,053||+100|
|5.||XAB.Z21||S&P 500 INDEX MATERIALS SECTOR (E-MINI) Dec 2021||896.1||-3.3||-0.37%||691||+100|
|6.||HGT.Z21||COPPER (TAS) Dec 2021||15||0||0.00%||687||+100|
|7.||HOT.F22||NY HARBOR ULSD TAS Jan 2022||2||0||0.00%||643||+100|
|3.||BAC||Bank of America||46.82||-0.27||-0.57%||33,142,320||+100|
|4.||AMD||Advanced Micro Devices||119.425||+3.035||+2.61%||32,369,247||+100|
|5.||PLUG||Plug Power, Inc.||33.6675||+0.7475||+2.27%||26,642,471||+90|