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01/04/2016 – Crude Oil

February crude oil:

1. In Wednesdays (December 30) Williams edge live meeting it was noted that February crude oil (then trading at approximately $36.72 was expected to advance and test $38.00 into Monday, January 4.

2. Subsequently, crude oil declined slightly further before reversing and today (Monday, January 4) completed the $38.00 upside target (today’s session high, $38.39, so far). This is an important upside completion and successfully completes the forecast/trade.

3. As noted in the same meeting, a further advance and test/attempt at $38.50 remains possible late this week/early next with further confirmation to be noted in an upcoming report. Will update.

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.