08/14/2015 – Crude Oil
September crude oil:
1. In Wednesdays (August 12) Williams edge live meeting it was noted that September crude oil (then trading at approximately $43.30) was expected to decline further into Monday, August 17 (+/-1 day) and test $41.80/$.50 which would be the earliest indication for an important bottom in September crude oil.
2. Subsequently, September crude oil declined and completed the $41.80/$.50 downside target 1 trading day early, today, Friday, August 14, completing the forecast/trade (today’s session low, $41.35, so far). This is an important downside completion. 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.