04/30/2014 – Crude Oil
Issued: 05/01/2014
June crude:
1. Today’s June crude continued on the recent decline from (approx.) $101.20 and completed the forecast $99.26 downside target (and lower), noted in the April 25 update (today’s session low, $98.74, so far).
2. A daily close today above $98.92 in June crude is the stronger position, below $98.92, the weaker position. Will update.
David Williams
Issued: 04/25/2014
June crude:
1. While not an outright forecast, today’s continued decline in June crude indicates a likely test/attempt at $99.26 (or lower) into next week (the week of April 28), which itself may indicate an important weekly bottom. Will update as market continues to confirm.
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.