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07/22/2015 – Crude Oil

September crude:

1. In Friday’s July 17 Williams edge live meeting it was noted that September crude, then trading at approximately $50.70 was expected to decline further and test/attempt $49.50 (or lower). Traders already short were encouraged to continue to stay short for $49.50, while aggressive new short entry was indicated, as well.

2. Today (Wednesday, July 22) September crude completed the $49.50 downside target (and lower) completing the forecast/trade. Today’s session low has been $49.06, so far. This is an important downside completion. Will message any further entry or indication in September crude.

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.