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07/21/2014 – Crude Oil

Issued: 07/21/2014

September crude oil:

1. The month of Aug. 2014 (+/-1 month) is the next important forecast monthly bottom in crude oil. This bottom likely occurred 1 month early (in July, 2014) during the forecast July 14 weekly bottom.

2. Further evidence of the Aug. 2014 bottom occurring 1 month early will be any test/attempt at $103.05 or higher during the week of July 28 (+/-1 week).

3. The Aug. monthly bottom is potentially very important because it will likely prompt another powerful advance in September crude oil. Such an advance could validate the original forecast for a powerful advance off the May 2014 bottom. Will message any new entry based upon the above as the market continues to confirm.

David Williams

Issued: 07/22/2014

September crude oil:

1. In yesterday’s (Mon. July 21) report it was noted that $103.05 was expected to be tested in September crude oil as further confirmation that the forecast Aug. 2014 (+/-1 month) monthly bottom occurred 1 month early, in July.

2. Today’s September crude oil advanced and completed the $103.05 upside target (session high, $103.45), further confirming the 1 month early July bottom. Will message any new entry based upon this 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.