08/03/2015 – Crude Oil

September crude oil:

1. During the week of July 20 it was noted that September crude oil (then trading at approximately $48.00) was expected to continue lower and ultimately reach $45/$44 before the ending of the recent decline.

2. Yesterday (Monday, August 3) September crude oil declined further and completed the $45/$44 downside target (swing low, $45.08). This is an important downside completion. Will message any further entry or indication in September crude oil.

David Williams