Thursday, August 20, 2015

Thoughts and #CL_F Levels for Thursday, August 20, 2015

Thoughts and #CL_F Levels for Thursday, August 20, 2015SocialTwist Tell-a-Friend

If CLV5 can get through the low volume area (LVA) above 43.30 I have an eye on a potential new swing Short via USO Puts just below the CLV5 44.00 level. If reached I will build/add to the position at 44.35 and 44.80 with a stop just above CLV5 45.00.

If CLV5 is unable to reach 44s I will then expect more downside to mid-41s then 39s.

Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC

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