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.