08/07/2017 – Crude Oil
September crude oil:
1. In Fridays (August 4) Williams edge live meeting it was noted that while September crude was expected to close well that day (and it did, at $49.58) a further test of $48.90/$85 was likely into Monday, August 7.
2. Today (Monday, August 7), September crude oil declined and completed the $48.90/$85 downside target (today’s session low, $48.54, so far). This 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.