Thoughts and #CL_F Levels for Tuesday, July 14, 2015
CLQ5 swing bias remains at neutral while above 51s but definitely starting to favor a new swing Long trade more and more each day that
goes by holding above 51. I did try
to front run a Long entry yesterday
against the 51.40 support level but
my order was just missed.
Today
I will look to do the same and scale into a Long within the 51.70-51.40 zone if reached and if so the
first upside target is at 52.85 then at 53.30-53.50 zone.
A
breach below 51.40 then if below 50.90 the 49.50-47.75 target zone will then be on the radar.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC
Hamzei Analytics, LLC
