Friday, August 28, 2015
Thoughts and #CL_F Levels for Friday, August 28, 2015
Yesterday I tweeted (@mocktrade) that I started a new longer-term
swing #USO Long position via Call
options and I would add to the position if CLV5
continued trending lower to 36s/35s.
I also mentioned I would be more on the bullish side if CLV5 first moved above 41.00
which was the case yesterday.
41.00 is now
first support but in order to remain bullish CLV5 must now get and hold above last week’s value area (VA) +43.30 which was basically yesterday’s
high. If so I will then have an eye on 44.40-44.70
zone to hedge my current #USO profit
with shorter-term #USO Puts. Ideally
I would like to go into the weekend with this hedge.
If CLV5 does breach
below 41.00 today and then if also breaching
below 40.60-40.40 zone my thinking
will then go back to adding to the #USO
Calls at 36s/35s especially once/if
below 39.60-39.30 zone.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC
Hamzei Analytics, LLC
Thursday, August 27, 2015
Wednesday, August 26, 2015
Tuesday, August 25, 2015
Subscribe to:
Comments (Atom)
Disclaimer and Terms of Service
© Copyright 1998-2023, Hamzei Analytics, LLC. Hamzei Financial Network is published by Hamzei Analytics, LLC, Naples, FL 34112, Admin@HamzeiAnalytics.com (310) 306-1200. The information herein was obtained from sources which Hamzei Analytics, LLC believes are reliable, but we can not and do not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that Hamzei Analytics, LLC or its principals may already have invested or may from time to time invest in securities or commodities that are recommended or otherwise covered on this website. Neither Hamzei Analytics, LLC nor its principals intend to disclose the extent of any current holdings or future transactions with respect to any particular security or commodity. You should consider this possibility before investing in any security or commodity based upon statements and information contained in any report, post, comment or recommendation you receive from us. The content on this site is provided as general information only and should not be taken as investment or trading advice. Any action that you take as a result of information, analysis, or conclusion on this site is ultimately your responsibility. Always consult your financial adviser(s) before making any investment or trading decisions.
