CLQ5
was unable to hold the gains from Tuesday’s pop and until first above 60.35-60.65 zone there is high chance
of retracing lower to 59.25.
The bulls must defend above 59.25 otherwise 58.30
and 56.45 will be on the radar as
potential lower targets.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC