06/21/2016 – Crude Oil
August crude oil:
1. In Fridays (June 17) Williams edge live meeting it was noted that August crude oil would likely decline into Wednesday, June 22 with substantially lower prices indicated, including a test/attempt at $48.05.
2. In yesterday’s (Monday, June 20) Williams edge Pro trading room new short entry was indicated at $49.85 based on the above indication and today (Tuesday, June 21) partial profit exits were taken at $49.10. Lower prices remain possible into tomorrow as originally noted. 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.