07/11/2017 – Crude Oil
August crude oil:
1. In yesterday’s (Monday, July 10) Williams edge live meeting it was noted that a daily close above $44.40 in August crude could be bought for a quick one day advance to $45.30 expected into today (Tuesday, July 11). An additional leg up was also forecast which will be addressed in an upcoming report.
2. Subsequently, August crude closed the day at $44.55 (above $44.40) indicating new long entry. Today (Tuesday, July 11) August crude completed the $45.30 upside target (today’s session high, $45.29). This successfully completes the initial forecast/trade. Will message any further entry or indication in August crude.
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.