05/19/2016 – Crude Oil

June crude oil:

1. In yesterday’s (Wednesday, May 18) Williams edge live meeting it was noted that while June crude oil had advanced substantially beyond recent levels in furtherance of a possible wildcard upside completion, the normal position for June crude oil into Friday, May 20 (+/-1 day) was for a tradable decline and test of $47.25/$00.

2. Subsequently, June crude oil declined and today (Thursday, May 19) completed the $47.25/$00 downside target (today’s session low, $46.73), 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.