07/13/2014 – Crude Oil
Aug. crude:
1. In Friday’s (July 11) Williams edge live meeting, it was noted that crude oil (then trading near $101.70) would likely continue to decline and test both $100.50 into Monday, July 14, then $99.50 (or lower) into Thursday, July 17 (+/-1 day).
2. Fridays (July 11) session completed the $100.50 initial downside target noted (session low, $100.44). Will message any new entry based upon the $99.50 (or lower) downside target expected later next week.
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.