Thursday, July 16, 2015

Thoughts and #CL_F Levels for Thursday, July 16, 2015

Thoughts and #CL_F Levels for Thursday, July 16, 2015SocialTwist Tell-a-Friend

The 51s support for CLQ5 remains key for swing Long potential; however current bias is still more on the neutral side while above 51s and below 53s but as I said earlier this week everyday day that goes by above 51 I favor the swing Long potential more and more.

If a breach and close below 51 I also think downside could be limited to 48.50-47.75 zone so my interest in Shorting CLQ5 will not come until higher levels.

Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC

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