09/05/2016 – Crude Oil
October crude oil:
1. In Fridays (September 2) Williams edge live meeting it was noted that while no hourly close above $44.60/$.70 was expected that day, any subsequent move above that level would likely advance to $45.95/$46 (or higher) into Tuesday/Wednesday of this week (week of September 5).
2. Subsequently, October crude oil was unable to close above $44.60/$.70 on Friday, September 2 but today (Tuesday, September 6) quickly advanced and completed the $45.95 upside target (today’s session high, $46.53, so far). 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.