05/31/2017 – Crude Oil
July crude oil:
1. In yesterday’s (Tuesday, May 30) Williams edge live meeting it was noted that a daily close below $50.10 in July crude oil could be sold short for an expected decline to $49.80/$.70 into today (Wednesday, May 31).
2. Subsequently, July crude oil closed below $50.10 (at $49.65) and today completed the $49.80/$70 downside target (today’s session low, $47.73, so far). This successfully completes the forecast/trade. Will message any further entry or indication in July 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.