07/23/2015 – Crude Oil

September crude oil:

1. In yesterday’s (Wednesday, July 22) Williams edge live meeting it was noted that September crude oil (then trading at approximately $50.00) was expected to decline further to at/near $58.00 into Thursday, July 23 (+/-1 day).

2. Today’s (Thursday, July 23) September crude oil session declined further and made a session low of $58.21 against the $58.00 downside target (so far). this completes the majority of the forecast decline. Will update.

David Williams