Thursday Morning Crude Comments from MB

Hello. Continuing with a more macro view in CL. For me, a little more challenging to “read” crude over the last couple sessions given the volatility. My favorite idea is to buy $49.50 today with scales in .50 increments up to $51.00.

$51.00 (**) Target 2 + Resist

$50.50 (*) Target 1

$50.00 (**) Pivotal

$49.70 (*) First Lower TGT + Some Support

$49.50 (*) TGT 2 + Some Support

$49.00 (***) TGT 3 + Support


All the best;


Michael Blythe
Futures Strategist
Hamzei Analytics, LLC