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