08/28/2014 – Crude Oil
Issued: 08/28/2014
Oct. crude oil:
1. As noted in recent Williams edge live meetings, crude oil is expected to attempt higher prices (including $95.00, or higher) into Aug. 27 (+/-1 day).
2. Today’s (Thursday, Aug. 28) session is attempting higher prices. Aggressive can go long upon any subsequent test and hourly close above $94.33.
3. Initial long position exit should be taken at/near $94.90. Will message higher price targets in a subsequent update.
4. Initial protective sell stop should be placed at $93.99. This stop will quickly be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 08/28/2014
Oct. crude oil:
1. Our previous update noted that any test and subsequent hourly close above $94.33 would indicate new long entry. The subsequent hourly close was at $94.42, prompting new long entry.
2. Crude oil is running 1 day late for the test/attempt at $95 expected on or around Aug. 27 noted in earlier reports. Therefore, the market is at a critical juncture and must begin to show signs of strength.
3. Our protective sell stop is being placed at $94.05 and will be raised as the market continues to confirm. Will update.
David Williams
Issued: 08/28/2014
Oct. crude oil:
1. We remain long Oct. crude oil from $94.42 noted in today’s earlier update.
2. Our protective sell stop has been raised to $94.12. This stop will continue to be moved higher as the market continues to confirm.
David Williams
Issued: 08/28/2014
Oct. crude oil:
1. We remain long from $94.42 in Oct. crude oil.
2. Exit a portion of your long position at current prices (current price $94.60. Will update.
David Williams
Issued: 08/29/2014
Oct. crude oil:
1. Our recent $94.42 long position in Oct. crude oil exited partials at $94.60 yesterday (Thurs., Aug. 28) and today at $94.90, noted in previous reports.
2. Any remaining long position should be exited at current prices (current price $95.18). This completes the trade.
3. Aggressive can hold any remaining position for the possibility of a test/attempt at $95.40/$70. Will message any further entry or indication.
4. Aggressive should move their protective sell stop up to $94.60.
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.