08/05/2015 – Crude Oil
Issued: 08/04/2015
September crude oil:
1. Today (Tuesday, August 4) is the 1 day late period for the next important daily bottom in September crude oil. Therefore, the market is in position for a tradable multi-day advance.
2. A test/attempt at $46.50 (or higher) is expected later this week.
3. Any further test of and hourly or daily close above $45.40/$.30 will prompt new long entry for the above-noted advance. Should the market be unable to test $45.40/$.30 an alternate long entry will be messaged. Will update.
David Williams
Issued: 08/05/2015
September crude oil:
1. Our Tuesday, August 4 September crude oil report indicated that any further test of and hourly or daily close above $45.40/$.30 would prompt new long entry for a quick tradable advance to $46.50.
2. The subsequent swing low was $45.43 whose hourly close was $45.74.
3. Today (Wednesday, August 5) September crude oil advanced and completed the $46.50 upside profit target, completing the trade. Will message any further entry or indication in September crude oil.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.