07/13/2017 – Crude Oil
August crude oil:
1. In yesterday’s (Wednesday, July 112) Williams edge live meeting it was noted that a daily close below $45.30 in August crude oil should be sold short for a further decline to $45.00.
2. Subsequently, August crude oil closed the day well below $46.30 (at $45.46), indicating new short entry. Today (Thursday, July 13) August crude oil completed the forecast decline to $45.00 (today’s session low, $44.99, so far). This successfully completes the forecast/trade. Will message any further entry or indication in August 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.