07/31/2017 – Crude Oil
September crude oil:
1. In Fridays (July 20) Williams edge live meeting it was noted that September crude oil should be sold short between $50/$50.10 for a tradable decline to $49.25, expected early this week.
2. Subsequently, September crude oil advanced to $50.06, prompting new short entry. Today (Monday, July 31) September crude oil declined and completed the $49.25 profit target (today’s session low, $49.18. The successfully completes the forecast/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.