Thursday, July 9, 2015

#PreMarket Thoughts and #CL_F Levels for Thursday, July 9, 2015

#PreMarket Thoughts and #CL_F Levels for Thursday, July 9, 2015SocialTwist Tell-a-Friend

Yesterday the low 51s was mentioned as a potential support area for CLQ5 and while above a bias will be more on the neutral side while also holding below 54s.

Now that CLQ5 closed above & now trading well above 51s odds favor potential bullish follow through as long as remaining above 52.25-51.45 zone, and while above 51.45 upside targets are at 53.90s then 54.70-55.10 zone.

Once/if upper targets are reached there will still be potential to Short lower high formations anywhere below 56.05-57.30 zone.

Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC

Posted by Hamzei Analytics, LLC at 9:12 AM

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