Not
much change in my CLU5 thoughts as
yesterday; as long as below 48.90 CLU5 is likely to continue stair
stepping lower to 45s/44s; however
there is some support at 46.90 and
until below 46.90 there will be potential to head higher towards 47.85-48.15
zone. If above 48.15 the next upside
target is at 48.55-48.65 zone with 48.90 as line in sane (LIS).
If
continuing lower the first lower target for today is at 46.15.
Ethan Premock
Futures & Options StrategistHamzei Analytics, LLC