Monday, July 6, 2015

#PreMarket Thoughts and #CL_F Levels for Monday, July 6, 2015




CLQ5 is starting to get a bit oversold but while below 55.30-55.65 zone there is still potential for lower; if so 53.20s will be the first lower target for today then 51s sometime this week.

If above 55.65 there is a good amount of resistance at 56.40-56.80 zone then 57.30. Only above 57.30 will lessen the chance for CLQ5 reaching 51s and lower this week. 

Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC