ES
With the market rebounding strongly on ceasefires and hope of a resolution in the middle east we have abruptly turned short-term bullish, at least until second round effects start creeping in or things re-escalate. Traders need to be sharp in terms of not getting attached to a bias and adjusting based on headlines. Technically we see support now at 6686 and 6645 with the path fairly clear to the upside. Levels to watch on the way higher are 6966 and 7034 as resistance.
OIL
Oil remains heavily dependent on headlines and the ongoing situation with The Straight of Hormuz. Topping patterns are evident but escalation of things could, of course, override any technical ideas traders may have. The gap between 109.20 and 112.95 is very interesting and does signal a market that under the right circumstances could shift lower. Support remains at 84.37 and through here we would be looking for a return to oils sweet spot of around $70.
NQ
Nasdaq is approaching its key level of 25494. Through here opens the way to 26349 and 26399. Of all the markets this does look the likeliest to reach all times first. Support lies aggressively higher at 24818 followed by 24562. In a market that the vast majority of participants love a dip buy, perhaps this is the one to express bullish interest in.
Cable (6B)
Dollar has found some relief from being the safe haven go-to as things have de-escalated in the Middle East. With that we have seen Cable run higher to 1.34 from 1.32. Support lies at 1.3347 and 1.3320 underneath with resistance at 1.3485 and then 1.3578. Traders should be attentive to incoming information surrounding the Central Banks next moves in light of recent events.