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04/12/2015 – Crude Oil

Issued: 04/10/2015

May crude oil:

1. In today’s (Fri., April 10) Williams edge live meeting it was noted that May crude (then trading at approx. $51.35) could be bought for a continued advance to at/near $53.00 expected into Tues., April 14 (+/-1 day).

2. Traders who took advantage of the long entry indication should exit a portion of their long position at current prices (current price $51.76).

3. May crude oil remains in a ‘Buy’ position for further advance into Tues., April 14 (+/-1 day) at $53.00.

4. A protective sell stop should be placed at $50.40. This stop will be moved up as the market continues to confirm.

David Williams

Issued: 04/13/2015

1. In our Fri., April 10 Williams edge live meeting it was noted that May crude (then trading at approx. $51.35) could be bought for a continued advance to at/near $53.00 expected into Tues., April 14 (+/-1 day).

2. Traders who took advantage of the long entry were instructed to exit a portion of their long position at current prices (then current price, $51.76) noted in Friday’s (April 10) subsequent report. In that report it was noted that May crude oil remained in a ‘Buy’ position for those not yet long for further advance into Tues., April 14 (+/-1 day) at $53.00.

3. Today, (Mon., April 13) May crude oil advanced and completed the forecast $53.00 upside target (today’s session high, $53.10, so far). This completes the 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.