03/25/2015 – Crude Oil

Issued: 03/24/2015

May crude oil:

1. In recent Williams edge meetings it was noted that a daily close above $47.50 in May crude oil during this week (week of Mar. 23) would indicate a possible ‘wildcard’ advance with a test/attempt at $50.00 (or higher) expected.

2. Today’s (Tues., Mar. 24) session advanced and closed the day at $47.73, slightly above the critical $47.50 closing level. Although the market has now technically confirmed our original trade set up, our overall impression is that it’s wiser to remain flat or exit any new long position (with a small loss) until tomorrow’s session further confirms the possible wildcard advance. Will update.

David Williams

Issued: 03/26/2015

May crude oil:

1. In our Mon., Mar. 23 Williams edge (and later) meetings it was noted that a daily close above $47.50 in May crude oil during this week (week of Mar. 23) would indicate a possible ‘wildcard’ advance with a test/attempt at $50.00 (or higher) expected.

2. Today’s (Thurs., Mar. 26) May crude oil completed the forecast advance to $50.00 (or higher) with today’s session high of $52.48, so far. Although originally long from Tues. Mar. 24 daily close above $47.50, we (unfortunately) exited that position out of prudence. Today’s $52.48 swing high is an important upside completion and may set further indications into motion. Will update.

David Williams

Issued: 03/23/2015

May crude oil:

1. In recent Williams edge meetings it was noted that a daily close above $47.50 in May crude oil would indicate a possible ‘wildcard’ advance for ordinary entry with a test/attempt at $50.00 (or higher) expected.

2. Today’s (Mon., Mar. 23) session advanced and closed the day at $47.49, neutral to $47.50. Therefore, no ordinary new long entry is indicated as yet. Will update.

David Williams