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.