05/02/2017 – Crude Oil

June crude oil:

1. In Tuesdays (May 2) Williams edge live meeting it was noted that traders should short June crude oil at $48.70 for a decline to $48.15/$.12 then a possible further decline to $47.70.

2. Subsequently, June crude oil decline to the $48.15/$.12 downside target and then continued on to complete the $47.70 final downside target (session low, $47.49). This successfully completes the forecast/trade. Will message any further entry or indication in June crude oil.

David Williams