05/10/2017 – Crude Oil
- May 10, 2017
- Crude Oil
June crude oil:
1. In Tuesdays (May 9) Williams edge live meeting it was noted that $45.80 to $45.40/$.30 was buying territory in June crude oil for a forecast advance to $47.00 or higher into Friday, May 12 (+/-1 day).
2. Subsequently, June crude oil declined to a swing low of $45.53 and reversed higher. Today (Wednesday, May 10) June crude oil completed the $47.00 upside profit target (today’s session high, $47.69, so far). This successfully completes the forecast/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.