Wednesday, August 12, 2015
Thoughts and #CL_F Levels for Wednesday, August 12, 2015
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.
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
Hamzei Analytics, LLC
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