Thursday, September 3, 2015

Thoughts and #CL_F Levels for Thursday, September 3, 2015

Thoughts and #CL_F Levels for Thursday, September 3, 2015SocialTwist Tell-a-Friend

Now that the dust is settling a bit after Monday’s rally I will be keeping a close eye on CLV5 and looking for a new swing trade &/or strangle opportunity for CLV5/#USO.

My bias is currently more on the neutral side while above 43.00 and below 47.80 and unless a breach of either in the coming days I will most likely start favoring a strangle trade. If above 47.80 I will consider a new swing Short at/near 50.40-51.10 zone or a swing Long at/near 41.85-41.20 zone. 

Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC

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