Key Levels
ES
With a shortened trading week and a new quarter under way we have started on a more solid footing than of late. Some hope of an end to the Middle Eastern conflict has buoyed prices back to the 20 day Moving Average. Key support now lies at 6482 and whilst intact we see a move higher. Through 6671 opens the way to 6800/6815.
OIL
Having reached our target mentioned last week of the $107 area (we fell just shy at $106.86) we have moved back to the balance area around $100. Key support is at $94 currently and a move below here would signal the way to drop back to $83. Holding above this area may well signify another attempt higher. This market remains on tenterhooks around the conflict resolution which will dictate direction more than technicals.
NQ
Nasdaq has bounced in line with other US equities. We see resistance at 24395 which if broken would open the way back to the top end of the range at 25500. Support sits at 23590 and recent lows of 22961.
Cable (6B)
Again mostly affected by the conflict in the Middle East Cable remains under pressure until we see more solid grounds for an end to things. Support now sits at recent lows of 1.3150 which below would open the way to 1.3037. Above here we see resistance at 1.3337, which is close enough to have breached between writing and publication. Through here would open the way to the top of the range at 1.3475.