09/14/2016 – Crude Oil
October crude oil:
1. In yesterday’s (Tuesday, September 13) Williams edge Proroom (and today’s session) it was noted that November crude oil was expected to decline from the then current price of $44.75 down to $44.20, then $43.75 final target.
2. Subsequently, October crude oil declined sharply and completed both the $44.20 and $43.75 downside targets, successfully completing the forecast/trade (today’s session low, $43.42, so far). 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.