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