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
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.