05/14/2015 – Crude Oil

Issued: 05/14/2015

June crude oil:

1. Yesterday’s (Wednesday, May 13) June crude oil session declined and hit our $60.20 protective profit stop, resulting in a successful trade. Will message any further entry or indication in June crude oil.

David Williams

Issued: 05/07/2015

June crude oil:

1. The next important daily market bottom in June crude oil is due Fri., May 8 (+/-1 day).

2. How the market handles this bottom is important and may prompt new entry. Will update as the market confirms.

David Williams

Issued: 05/12/2015

June crude oil:

1. In Mondays (May 11) Williams edge live meeting it was noted that June crude oil had bottomed on Fri., May 8 and that an advance was expected to a minimum upside profit target of $60.50/$$.70 or higher.

2. Subsequently June crude oil advanced powerfully and completed the $60.50/$70 upside target, and higher. Although no subsequent report was issued, those long based upon Monday’s Williams edge live meeting exited a portion of their position at/near $60.50/$70, as noted. A second long position exit should be taken now at current prices (current price, $61.23).

3. A protective sell stop should be placed at $60.20. This stop will be move higher as the market continues to confirm.

David Williams