05/18/2014 – Crude Oil
Issued: 05/18/2014
July crude oil:
1. Although not actionable just yet, there are several early indications for July crude to trade up at/near $102.25/$30 next week (week of May 19).
2. Hourly and especially a daily close above $101.73 will be further indication of the above noted advance likely underway. Will update as the market continues to confirm.
David Williams
Issued: 05/19/2014
July crude oil:
1. Sunday’s (May 18) July crude oil update indicated that crude oil (which closed at $101.70 on Friday, May 16) was likely to advance to $102.25/$30 into this week (week of May 19).
2. Today’s July crude advanced and quickly completed the $102.25/$30 upside target (today’s session high, $102.35, so far).
3. Although no official long entry was given, any self directed longs should have exited at/near $102.25/$30 noted in the original update. Any remaining a long position should be held for the possibility (not a forecast) of a test/attempt at $102.70. Will message any further entry or indication as the market confirms.
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.