Issued: 05/04/2015
June crude oil:
Our protective sell stop in June crude oil has been raised to $57.75. The stop will be move higher as the market continues to confirm.
David Williams
Issued: 04/29/2015
June crude oil:
1. A daily close today above $57.75 in June crude will be the earliest indication for continued advance to at/near $60.40 (or higher) into late this week (week of April 27).
2. Aggressive can go long at current prices (current price $58.35). All others should wait for a daily close above $58.70 prior to new long entry.
3. Any hourly or especially a daily close below $57.70 will likely negate the main forecast noted above.
4. Initial protective sell stop should be placed at $57.20. The stop will be move higher as the market continues to confirm.
David Williams
Issued: 05/05/2015
June crude oil:
1. Our Wednesday, April 29 June crude oil report indicated that a daily close above $57.75 in June crude would indicate continued advance to at/near $60.40 (or higher) into late this week (week of April 27).
2. Aggressive were instructed to go long at $58.35. All others went long upon a daily close above $58.70.
3. Today, Mon., May 5 June crude oil completed the initial $60.40 upside profit target. This resulted in a successful trade (approximately $2000/contract for aggressive long entry).
4. Any remaining long position that should be held for the possibility of higher prices to be messaged in a subsequent update.
5. Our protective sell stop should be placed at $58.90. This stop will be move higher as the market continues to confirm.
David Williams
Issued: 05/06/2015
June crude oil:
1. Traders remaining long in June crude oil from our original entries at $58.35 or $58.70 should take their second long position exit at current prices (current price, $62.00).
2. As noted in previous live meetings, a test/attempt at $64.00 remains possible during May 2015 and this is the reason for our continued hold.
3. Our protective sell stop should now be raised to $59.20. This stop will be move higher as the market continues to confirm.
David Williams
Issued: 05/06/2015
June crude oil:
1. Our protective sell stop in June crude oil should now be raised to $59.75. This stop will be move higher as the market continues to confirm.
David Williams
Issued: 05/07/2015
June crude oil:
1. Today’s (Thurs., May 7) June crude oil session declined and triggered our $59.75 protective sell stop. This successfully completes our earlier long trade from $58.35/$70 noted in previous updates. Will message any further entry or indication in June crude oil.
David Williams
Issued: 05/07/2015
June crude oil:
1. Traders holding any remaining long positions in June crude oil from our published $58.35/$.70 long position were stopped out today at our $59.75 protective sell stop. This resulted in a successful trade which included long position exits at/near $62.00. Will message any further entry or indication in June crude oil.
David Williams