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