What was support is now resistance; until CLQ5 gets back above 51s
there is still potential for lower with 49.90
as a must hold today otherwise 49.40-49.30
zone then 48.50 are targets likely to
be reached before higher.
To negate reaching lower targets CLQ5 must first get and hold above 50.50 to breach the current downtrend channel then also get above 50.75-51.10 zone.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC
Hamzei Analytics, LLC