05/19/2017 – Crude Oil
- May 19, 2017
- Crude Oil
June crude oil:
1. In Tuesdays (May 16) Williams edge live meeting it was noted that June crude oil was expected to decline to $48.10 which was buying territory for an advance back to $49.20. Then, a further advance to $49.60/$70 was expected into today, Friday, May 19.
2. Subsequently, June crude oil declined to $48.10 (swing low, $48.03) for new long entry. The market then advanced and completed the $49.20 upside initial profit target (swing high, $49.50). The market then declined back down to test $48.10 (swing low, $48.05) before advancing rapidly and completing the $49.60/$70 upside target into today, Friday, May 19 (today’s session high, $50.45, 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.