01/06/2018 – Crude Oil
February crude oil:
1. In our January 2 Williams as live meeting it was noted that any hourly (or daily) close above $60.15 in February crude oil would indicate a new long entry for advance to $61.10 or higher.
2. Subsequently, February crude oil closed hourly above $60.15 (at $60.37) indicating new long entry. The market continued to advance and completed the $61.10 upside profit target and higher. This successfully completes 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.