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.||SR3.M23||3 MONTH SOFR Jun 2023||95.515||-0.105||-0.11%||341,106||+100|
|2.||SR3.Z23||3 MONTH SOFR Dec 2023||96.030||-0.135||-0.14%||333,392||+100|
|3.||SR3.U23||3 MONTH SOFR Sep 2023||95.795||-0.165||-0.17%||294,441||+100|
|4.||GC.J23||GOLD Apr 2023||1974.2||+0.7||+0.04%||261,435||+100|
|5.||NQ.H23||NASDAQ 100 INDEX (E-MINI) Mar 2023||12594.65||+23.00||+0.18%||181,754||+100|
|6.||SR3.H23||3 MONTH SOFR Mar 2023||95.1825||-0.0525||-0.06%||158,037||+100|
|7.||MNQ.H23||MICRO E-MINI NASDAQ-100 INDEX Mar 2023||12594.65||+24.50||+0.19%||154,357||+100|
|5.||GOOGL||Alphabet Inc. - Class A||101.22||-0.40||-0.39%||11,589,919||+100|
|6.||COIN||Coinbase Global, Inc. - Class A||76.5487||+1.5687||+2.09%||9,217,604||+100|
|7.||GOOG||Alphabet Inc. - Class C Capital Stock||102.135||-0.325||-0.32%||7,728,695||+100|