01/10/2017 – Crude Oil
February crude oil:
1. In Mondays (January 9) Williams edge live meeting (repeated on Tuesday, January 10) it was noted that February crude oil could be shorted at $51.80 for further decline to $50.80/$.60 into Thursday January 12 (+/-1 day).
2. Subsequently, February crude oil initially bounced and then yesterday (Tuesday, January 10) quickly declined and completed the $50.80/$.60 downside target (swing low, $50.71). 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.