03/06/2015 – Crude Oil

Issued: 03/05/2015

April crude oil:

1. In recent Williams edge live meetings it was noted that aggressive could buy April crude oil upon any hourly or daily close above $51.00 for further advance and a tradable decline back to $50.36.

2. However, April crude oil touched $50.36 on Wed., April 4, negating the need for the specific pull back to $50.36 today, Thurs., March 5. Therefore, no new short entry is indicated at this point.

3. For those long from either hourly or daily close above $51.00 partial long position exit should be taken at current prices (current price $51.75). The remaining positioncan be held for the possibility of higher prices.

4. A protective sell stop should be placed at $51.40. This stop will be move higher as the market continues to confirm.

David Williams

Issued: 03/06/2015

April crude oil:

1. In recent Williams edge live meetings it was noted that aggressive could buy April crude oil upon any hourly or daily close above $51.00 for further advance and then a tradable decline back to $50.36 (or lower) expected this week.

2. April crude oil subsequent broke out above $51.00 and made a swing high at $51.98. For longs the protective sell stop was hit at $51.40.

3. Although not traded, subsequently, April crude oil declined back to the forecast $50.36 downside target (and lower) this week, completing the original forecast. Will message any further entry or indication in April crude oil.

David Williams