05/07/2015 – Crude Oil
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
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.