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