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08/05/2014 – Crude Oil

Issued: 08/03/2014

September crude oil:

1. September crude oil recently broke out on the downside, indicating the likelihood of substantially lower prices noted in our previous July 30 report.

2. Any further test/attempt at $98.60/$70 (or higher) into early next week remains important and may prompt new short entry. No action is indicated at this point. Will update.

David Williams

Issued: 08/05/2014

September crude oil:

1. Our Sun. (Aug. 3) report indicated crude oil would likely test $98.60/$70 (or higher) into early this week and could prompt new short entry.

2. Both yesterday’s (Mon., Aug. 5) and today’s (Tuesday, Aug. 6) September crude oil session advanced to and tested the critical $98.60/$70 upside target and potential selling territory and has reversed off that level, completing the forecast. Will update.

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.