08/30/2017 – Crude Oil
October crude oil:
1. Beginning on Friday, August 25 in our Williams edge live meetings it was noted that any hourly or daily close below $47.00 in October crude oil could be sold short for a decline to $45.80/$.70, expected into Tuesday, August 29.
2. Subsequently, an hourly close below $47.00 occurred (at $46.71) and on Tuesday, August 29 October crude declined further and completed the $45.80/$.70 downside profit target (session low, $45.76). This successfully completes the forecast/trade. Will message any further entry or indication in October 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.