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
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.