04/04/2018 – Crude Oil
May crude oil:
1. In yesterday’s (Tuesday 04/03) Williams edge session it was noted that a daily close below $63.60 in May crude oil could be sold short for a decline to $62.30/$20 expected into Thursday, 04/05 (+/-1 day).
2. Subsequently, May crude oil closed slightly below $63.60 (at $63.57) and today (Wednesday 04/04) completed the forecast decline to $62.30/$20, completing the forecast last trade. Will message any further entry or indication in May 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.