03/15/2016 – Crude Oil
- March 15, 2016
- Crude Oil
April crude oil:
1. In yesterday’s (Monday, March 14) Williams edge live meeting it was noted that any bounce to at/near $37.50/$.60 in April crude prior to Thursday March 17 could be shorted for a tradable decline to $36.00.
2. Subsequently, April crude oil advanced to a swing high of $37.44 (at/near $37.50/$60) and then reversed lower and today (Tuesday, March 15) completed the forecast decline to $36.00 profit target (today’s session low, $35.96, so far). This successfully completes the forecast/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.