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