07/03/2015 – Crude Oil
August crude oil:
1. In Wednesday, July 1 Williams edge live meeting it was noted that August crude oil (then trading at approximately $57.70) could be shorted immediately for further substantial decline.
2. Subsequently, August crude oil declined nearly $1.00 ($1000/per contract) further, making a session low of $56.78. This decline prompted our initial short position exit at $56.95 noted in our previous report.
3. Our protective buy stop was hit on Thursday, July 2 at $57.80 resulting in a successful trade. Will message any further entry or indication in August 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.