01/25/2017 – Crude Oil
March crude oil:
1. In today’s (Wednesday, July 25) Williams edge live meeting it was noted that March crude oil (then trading at approximately $53.25) could be sold short for continued decline and test of $52.70/$.60 expected in today’s late session/early tomorrow.
2. Subsequently, March crude oil declined sharply and completed the $52.70/$.60 downside profit target (swing low, $52.62) in today’s late session. This successfully completes the forecast last 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.