02/29/2016 – Crude Oil
- February 29, 2016
- Crude Oil
April crude oil:
1. In today’s (Monday, February 29) Williams edge futures meeting it was noted that March crude oil (trading at approximately $33.55) was expected to advance and test $33.95/$34 into Tuesday, March 1 (+/-1 day).
2. Subsequently, April crude oil advanced and today completed the forecast advance to $33.95/$34 (today’s session high, $33.98, so far). Successfully completes the forecasts/trade. Will message any further entry or indication in March 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.