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