Wednesday, August 12, 2015

Thoughts and #CL_F Levels for Wednesday, August 12, 2015

Thoughts and #CL_F Levels for Wednesday, August 12, 2015SocialTwist Tell-a-Friend

I am currently watching 44.55-45.15 zone as the first key resistance for CLU5. All lower 
targets I have been posting and mentioning over the past few weeks have all been achieved so now I am looking for bounces to either re-swing Short and/or confirmation for upside potential from oversold conditions.

If above 45.15 I will then have an eye on last week’s value area high (VAH) at 46.60; until above 46.60 my bias will remain at slight bearish to neutral but if above 46.60 I will then have a bullish bias for a target at 48.00-48.20 zone.

If below 43.00 before higher potential lower targets are at 42.10-41.90 zone then 40s/39s.

Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC

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