04/08/2015 – Crude Oil

Issued: 04/07/2015

May crude oil:

1. Today’s (Tues., April 7) daily close in May crude oil below $54.00 places the market into a ‘Sell’ position for a quick decline and test/attempt at $51.70/$60 into Thurs., April 9 (+/-1 day). Any hourly or daily close above $54.00 will negate this indication.

2. Initial short position exit should be taken at/near $52.30, and a final exit at/near $51.80. Will update.

David Williams

Issued: 04/08/2015

May crude oil:

1. Yesterday’s (Tues., April 7) daily close in May crude oil below $54.00 placed the market into a ‘Sell’ position for a quick decline and test/attempt at $51.70/$60 into Thurs., April 9 (+/-1 day). .

2. Today’s (Wed., April 8) May crude oil session declined and completed the $51.70/$60 downside profit target. This resulted in a successful trade. Will message any further entry or indication in May crude oil.

David Williams