Unless first below 60.50
there is good chance CLQ5 will/should
continue higher from the move off the 59.50-ish
support yesterday. If so or in order to move higher with ease CLQ5 must first get and hold above 61.30.
Once/if above 61.30
the first upside target will be the low volume area (LVA) at 61.75-ish then the key resistance at 62.10.
If below 60.50
today a must hold to keep a bullish bias is 60.10
otherwise the possibly of move to 59.95-59.80
zone will increase.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC