08/14/2017 – Crude Oil
September crude oil:
1. In Fridays (August 11) Williams edge live meeting it was noted that while some further advance was expected in September crude oil, a further decline and test of $48.15 (or lower) was expected into Monday, August 14 +1 day.
2. Subsequently, September crude oil advanced somewhat higher and today (Monday, August 14) made a swing high of $49.16 before quickly reversing lower and completing the $48.15 downside target (today’s session low, $47.77, so far). This successfully completes the forecast/trade. Will message any further entry or indication in September crude oil.
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.