02/23/2015 – Crude Oil
April crude oil:
1. In last Wednesday’s (February 18) Williams edge live meeting it was noted that any hourly or especially daily closes below $52.00 in April crude oil could be shorted for a tradable decline to $49.70 (or lower).
2. April crude closed both hourly and daily below $52.00 on both Wed., Feb.18 and Fri., Feb. 20 indicating new short entry.
3. Today’s (Mon. Feb. 23) April crude oil session completed the decline to $49.70 (and lower) with today’s session low at $48.67, so far. This completes the trade. Will message any further entry or indication in April 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.