04/07/2015 – Crude Oil
Issued: 04/01/2015
May crude oil:
1. Continue daily closes above $48.70 in May crude oil (expected) indicate further advance and test/attempt at $50.50 (or higher) into late this week/early next.
2. Therefore, May crude oil is in a ‘Buy’ position with higher prices indicated with $50.50 as initial upside target.
3. Once long, an initial sell stop should be placed at $48.50. This stop will be move higher as the market continues to confirm. Will update.
David Williams
Issued: 04/01/2015
May crude oil:
1. Today’s previous May crude oil report indicated that May crude oil was in a ‘Buy’ position with higher prices indicated with $50.50 as initial upside target. Made crude was trading at a proximally $49.80/$90 at that time.
2. Almost immediately after the report was sent make crude oil began the advance to $50.50 reaching a session high of $50.45 against the forecast $50.50 upside target before reversing. This completes the initial upside target.
3. Our protective sell stop has been moved to $49.30. This stop will be move higher as the market continues to confirm. Will update.
David Williams
Issued: 04/07/2015
May crude oil:
1. On April 2 May crude oil declined and triggered our $49.30 protective sell stop resulting in a small gain on the entire position. 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.