08/05/2015 – Crude Oil

Issued: 08/04/2015

September crude oil:

1. Today (Tuesday, August 4) is the 1 day late period for the next important daily bottom in September crude oil. Therefore, the market is in position for a tradable multi-day advance.

2. A test/attempt at $46.50 (or higher) is expected later this week.

3. Any further test of and hourly or daily close above $45.40/$.30 will prompt new long entry for the above-noted advance. Should the market be unable to test $45.40/$.30 an alternate long entry will be messaged. Will update.

David Williams

Issued: 08/05/2015

September crude oil:

1. Our Tuesday, August 4 September crude oil report indicated that any further test of and hourly or daily close above $45.40/$.30 would prompt new long entry for a quick tradable advance to $46.50.

2. The subsequent swing low was $45.43 whose hourly close was $45.74.

3. Today (Wednesday, August 5) September crude oil advanced and completed the $46.50 upside profit target, completing the trade. Will message any further entry or indication in September crude oil.

David Williams