05/28/2014 – Crude Oil
Issued: 05/28/2014
July crude oil:
1. Watch for any further test/attempt at/near $103.10 (on the downside) in July crude oil into Thursday, May 29 (+/-1 day). Any such test is important and may prompt new long entry. Will update as the market continues to confirm.
David Williams
Issued: 05/28/2014
July crude:
1. Today’s (Wed., May 20) Williams edge update (and live meeting) indicated the likelihood of further decline in July crude from the then current price of approx. $103.85 down to to $103.10, or lower.
2. Today’s July crude completed the $103.10 downside target, making a session low of $102.64 before recovering into the close. This is an important early indication. No new entry is being taken at this time. Will update.
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.