Last week CLQ5 was
unable to get and hold above the first key resistance at 62s and now looks to be heading to the 56.45 target mentioned last week.
First resistance for today is at 59.55-59.65 zone then at 59.95-60.15 zone; until above these
levels/areas CLQ5 will have better
chance to retest 58.60-58.30 zone
then also have potential to reach 57.60
and lower.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC