01/06/2018 – Crude Oil
February crude oil:
1. In last Thursday’s (January 4) Williams edge live meeting it was noted that a daily close below $62.15 in February crude oil could be sold short for a tradable decline to $61.45, then at/near $61.00.
2. Subsequently, February crude oil closed below $62.15 (at $61.89) indicating new short entry. The following day February crude oil declined further and completed both the $61.45 and the majority of the $61.00 downside target (swing low, $61.09). This successfully completes the majority of the forecast/trade. Will message any further entry or indication in February 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.