01/24/2017 – Crude Oil
March crude oil:
1. In today’s (Tuesday, January 24) Williams edge live meeting it was noted that any failure in March crude oil at $53.50 could be sold short for a decline to $53.00 expected later in the session.
2. Subsequently, March crude oil made a swing high of $53.56 and closed hourly below that level prompting new short entry. The market later declined and during the early Globex session completed the $53.00 downside target (swing low, $52.86, so far). This successfully completes the forecast/trade. Will message any further entry or indication in March 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.