02/18/2015 – Crude Oil
Issued: 02/18/2015
April crude oil:
1. In today’s (Wed., Feb.18) and recent Williams edge live meetings it was noted that any further hourly or especially daily close in crude oil below $52 (basis of outgoing March contract) would indicate a new short entry for decline and test/attempt at $49.80/$50.
2. Today we rolled into the April crude oil contract where the equivalent numbers are approx. $53.00 for hourly or especially daily close below/new short entry and approx. $50.90 for final downside target.
3. For aggressive shorts based on today’s hourly close below $53.00, partial short position exit should be taken at current prices (current price, $52.37).
4. An initial protective buy stop should be placed at $53.67. This stop will be moved lower as the market continues to confirm. Will update.
David Williams
Issued: 02/18/2015
April crude oil:
1. In today’s (Wed., Feb.18) and recent Williams edge live meetings it was noted that any further hourly or especially daily close in April crude oil below $53.00 would indicate new short entry for decline and a test/attempt at $50.90.
2. Today’s April crude oil session closed hourly (and daily) below the $53.00 level and completed the forecast decline to $50.90 (session low, $50.90). This completes the trade. Will message any further entry or indication in April crude.
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.