04/19/2016 – Crude Oil
Issued: 04/17/2016
June crude oil:
1. In Thursdays (April 14) Williams edge live meeting was noted that any daily close below $42.00 in June crude oil should immediately be sold short for sharply lower prices.
2. Subsequently, on Friday, April 15 June crude oil closed at $41.75, indicating new short entry.
3. Today’s (Sunday, April 17) Globex session droped sharply, confirming our forecast/outlook. Therefore, partial short position profit should be taken at current prices (current price $39.25). Further short position exit will be messaged in a subsequent update.
4. A protective buy stop should be placed at $41.75. This stop will be moved lower as the market continues to confirm. Will update.
David Williams
Issued: 04/19/2016
June crude oil:
1. In Thursdays (April 14) Williams edge live meeting was noted that any daily close below $42.00 in June crude oil should immediately be sold short for sharply lower prices.
2. Subsequently, on Friday, April 15 June crude oil closed at $41.75, indicating new short entry.
3. Today’s (Sunday, April 17) Globex session droped sharply, confirming our forecast/outlook. Partial short position exit was taken at $39.25.
4. Our protective breakeven buy stop at $41.75 was hit resulting in a successful trade. Will message any further entry or indication in June 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.