01/11/2016 – Crude Oil
- January 11, 2016
- Crude Oil
February crude oil:
1. In last Wednesdays (January 6) Williams edge live meeting it was noted that February crude (then trading at approximately $34.06) was expected to continue to decline and test $31.00 into the week of January 11.
2. Subsequently, February crude declined sharply and completed the $31.00 level today Monday, January 11 (session low, $31.28, so far). This successfully completes the forecast/trade. Will message any further entry or indication in March crude oil (we have rolled into March).
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.