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