Until CLU5 is first
above 49.75-49.80 zone then above 50.35 there is still potential for
lower. If so 48.70 is a potential
lower target for today and then 46s/45s
in the coming days/weeks.
Although the CLU5
short-term and macro charts are indicating lower I am not stalking a new swing Short until/if at higher levels; I am also not ready
to get Long yet either until once/if back above 49.80 or at
lower levels.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC
Hamzei Analytics, LLC