Friday, July 31, 2015

Thoughts and #CL_F Levels for Friday, July 31, 2015

Thoughts and #CL_F Levels for Friday, July 31, 2015SocialTwist Tell-a-Friend




Earlier in the week I mentioned 48.90 being a key level for CLU5 in order to have chance for higher or not. 48.90 was breached but CLU5 is now currently trading back below which means CLU5 is also back below last week’s value area (VA).

CLU5 must now first regain 48.25-48.45 zone then 49.10 otherwise there is still potential to continue lower to 45s/44s and possibly 42s as well especially once/if below 46.80

Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC

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