06/30/2015 – Crude Oil

Issued: 06/28/2015

August crude:

1. Since Friday, June 19 we’ve noted that an important directional decline was expected to begin in August crude oil on June 24 (+/-1 day) and that any daily close below $59.30/$.25 would prompt new short entry for further decline and test/attempt at $57.40, or lower.

2. Friday’s (June 26) August crude oil session broke below the $59.30 level (session low, $58.76) but reversed late in the session and closed above $59.30, negating new short entry (daily close, $59.65).

3. Today’s (Sunday, June 29) Globex session broke back below both $59.30/$.25 which is unusual and likely reasserts the original sell signal noted above. Therefore, aggressive (only) can short August crude oil at current prices (current price $58.85) and hold for the original target at/near $57.40.

4. An initial short position exit should be taken at/near $58.40. Further short position exits will be messaged in a subsequent update.

5. A protective buy stop should be placed at $59.75. This stop will quickly be moved lower as the market continues to confirm. Will update.

David Williams

Issued: 06/29/2015

August Crude oil:

1. Since Friday, June 19 it has been noted that an important directional decline was expected to begin in August crude oil on June 24 (+/-1 day) and that any daily close below $59.30/$.25 would prompt new short entry for further decline and test/attempt at $57.40, or lower.

2. On Sunday, June 29 the Globex session broke back below both $59.30/$.25 which prompted our aggressive short entry August crude oil at $58.85 for an initial profit exit at/near $58.40. Further short position exits will be messaged in a subsequent update.

3. Today’s (Monday, June 29) August crude oil session completed the initial downside target at $58.40 (today’s session low, $58.04, so far). Further decline of remains indicated.

3. Our protective buy stop remains at $59.75. This stop will be moved lower as the market continues to confirm. Will update.

David Williams

Issued: 06/29/2015

August Crude oil:

1. Since Friday, June 19 it has been noted that an important directional decline was expected to begin in August crude oil on June 24 (+/-1 day) and that any daily close below $59.30/$.25 would prompt new short entry for further decline and test/attempt at $57.40, or lower.

2. On Sunday, June 29 the Globex session broke back below both $59.30/$.25 which prompted our aggressive short entry August crude oil at $58.85 for an initial profit exit at/near $58.40 (which has occurred).

3. Further short position exit should be taken at/near $57.85.

4. Our protective buy stop has been lowered to $59.13. This stop will be moved lower as the market continues to confirm. Will update.

David Williams

Issued: 06/30/2015

August Crude oil:

1. Since Friday, June 19 it has been noted that an important directional decline was expected to begin in August crude oil on June 24 (+/-1 day) and that any daily close below $59.30/$.25 would prompt new short entry for further decline and test/attempt at $57.40, or lower.

2. Our aggressive short entry in August crude oil occurred at $58.85 with an initial profit exit at/near $58.40 (which has also occurred).

3. In yesterday’s (Monday, June 29) report it was indicated that further short position exit should be taken at/near $57.85. Today’s Globex session low has been $57.94, so far. It is hoped that further profit exit was taken in this area. Any remaining position will be messaged as the market continues to confirm.

4. Our protective buy stop has been remains at $59.13. This stop will be moved lower as the market continues to confirm. Will update.

David Williams

Issued: 06/30/2015

August Crude oil:

1. Our aggressive short entry in August crude oil occurred at $58.85 with an initial profit exit at/near $58.40. A secondary short position exit was taken yesterday (Monday, June 29) at $57.85.

3. Any remaining short position was stopped out today (Tuesday, June 30) at $59.13. This resulted in a successful trade. Will message any further entry or indication in August crude oil.

David Williams