08/15/2016 – Crude Oil
- August 15, 2016
- Crude Oil
September crude oil:
1. In Thursday’s (August 11) Williams edge live meeting it was noted that September crude oil (then trading at approximately $42.25) was expected to both remain above $40.00 for several weeks and advance to $45.00 and change.
2. Subsequently, September crude oil advanced powerfully and today (Monday, August 15) completed the $45.00 level (swing high, $45.87, so far). Higher prices remain likely. 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.