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Why caution? Bill Baruch called into the CNBC Halftime Report on Friday to discuss a portfolio hedge and how he paid for it.
E-mini S&P (June) / E-mini NQ (June)
S&P, last week’s close: Settled at 5321.50, up 36.25 on Friday and down 5.75 on the week
NQ, last week’s close: Settled at 18,924.25, up 48.25 on Friday and 240.75 on the week
Bias: Neutral/Bullish
Resistance: 5329.25-5332.75**, 5339-5342.25**, 5349***, 5358.25***, 5365.50-5370.50**
Pivot: 5320.75-5321.50
Support: 5304.50-5309.75***, 5294.75-5298**, 5285.75-5289.75**, 5273.50-5275**, 5260-5264***, 5241.50**, 5213.50-5216.75***, 5202.25-5204.25***
NQ (June)
Resistance: 18,977-18,982***, 19,023*, 19,085***, 19,319***
Pivot: 18,919-18,933
Support: 18,870*, 18,802-18,838***, 18,775-18,787*, 18,732-18,750***, 18,684-18,696***, 18,620-18,635****, 18,545-18,547**, 18,415-18,485***, 18,336.25-18,348**, 18,266,25-18,293***
Crude Oil (July)
Last week’s close: Settled 77.72, up 0.85 on Friday and down 1.86 on the week
Bias: Bullish/Neutral
Resistance: 78.86-79.04***, 79.97-80.11***, 81.15-81.28***, 82.03-82.34***
Pivot: 78.66
Support: 78.05-78.33**, 77.64-77.72**, 76.81-77.14**, 75.70-76.46****, 74.66-74.70**
Gold (June) / Silver (July)
Gold, last week’s close: Settled at 2334.5, down 2.7 on Friday and 82.9 on the week
Silver, last week’s close: Settled at 30.499, up 0.044 on Friday and down 0.76 on the week
Bias: Bullish/Neutral
Resistance: 2356.2-2356.8***, 2365.8**, 2372.2-2375***, 2385.3-2390.2***
Pivot: 2349
Support: 2339.2-2343**, 2333.8**, 2322.5-2325.1***, 2304.6-1212.9***
Silver (July)
Resistance: 32.05-32.09**, 32.41-32.55***, 32.72-32.75***, 34.12***
Pivot: 31.89
Support: 31.61-31.67**, 31.42-31.49***, 31.15-31.28***, 30.83-30.92**, 30.50-30.56***, 30.19-30.27****
Micro Bitcoin (May)
Last week’s close: Settled at 69,475, up 2,270 on Friday and 2,110 on the week
Bias: Neutral/Bullish
Resistance: 69,575***, 70,280-70,435**, 70,840-71,000***, 72,340-72,570
Pivot: 69,000
Support: 67,100-67,585**, 66,280-66,535****, 65,445**, 64,622-64,865***, 61,835-62,801***
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