After
yesterday’s late day bullish move my bias for CLQ5 is now neutral; however as long as above 59.50 there is better odds CLQ5
will have bullish follow through from yesterday’s upside move. If so and in
order to continue higher with ease the high volume area (HVA) at 60.45-60.65 zone must get breached to
the upside then 60.80-60.95 zone as
well, otherwise CLQ5 may stay
balanced/neutral between 60.65 and 59.50.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC