04/05/2017 – Crude Oil

May crude oil:

1. In our April 4 Williams edge live meeting it was noted that new short positions could be taken in May crude oil at $50.50/$64 further decline.

2. Subsequently, May crude oil moved higher than $50.50, prompting our stop and reverse at approximately $50.90 with $51.60 as the upside profit target. The $51.60 upside profit target was completed today (Wednesday, April 5) with today’s session high at $51.88, so far). The successfully completes the forecast/trade. Will message any further entry or indication in May crude oil.

David Williams