05/29/2015 – Crude Oil
Issued: 05/28/2015
July Crude:
1. In today’s (Wednesday, May 27) Williams edge live meeting it was noted that a daily close above $57.65 in July crude would be the earliest indication for new long entry for a test/attempt at $59.80.
2. Today’s (Thurs., May 28) July crude session spiked lower but closed the day at $57.97 (above $57.65) placing July crude into a ‘Buy’ position for a test/attempt at $59.60 (or higher)..
3. Aggressive traders can go long at the market (current price $58.23). An initial long position exit should be taken at/near $58.65. Further long position exit will be messaged in a subsequent update.
4. An initial protective sell stop should be placed at $57.35. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 05/29/2015
July crude oil:
1. In Wednesday, May 27 Williams edge live meeting it was noted that a daily close above $57.65 in July crude would be the earliest indication for new long entry for a test/attempt at $59.80.
2. Thurs., May 28 July crude session spiked lower but closed the day at $57.97 (above $57.65) placing July crude into a ‘Buy’ position for a test/attempt at $59.60 (or higher).
3. Aggressive traders were instructed to go long at the market at $58.23. An initial long position exit should was taken at/near $58.65. Further long position exit should now be taken at current prices (current price $59.42).
4. Our initial protective sell stop should be raised to $58.15. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 05/29/2015
August crude oil (previous reports correctly identified July crude):
1. Today’s (Fri., May 29) August crude oil completed the forecast advance/trade from yesterday’s long entry at $58.23 to $59.80 which was completed in today’s session (today’s session high, $59.93, so far). This resulted in a successful trade. Will message any further entry or indication in August crude oil.
David Williams
Issued: 05/27/2015
July crew:
1. In today’s (Wednesday, May 27) Williams edge live meeting it was noted that a daily close above $57.65 in July crude would be the earliest indication for new long entry for a test/attempt at $59.80.
2. However, today’s June crude oil session closed exactly at $57.65 prompting caution on our part, until tomorrow. Will update as the market continues to confirm.
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.