09/15/2014 – Crude Oil
Nov. crude oil:
1. Our previous Thurs., Sept. 11 Nov. crude oil forecast indicated new short entry between $92.40/$65 for a forecast decline to $90.65 (or lower).
2. For trading purposes, both our $91.90 initial and $91.25 secondary profit targets were reached. However, our remaining position (intended to be held for at/near $90.65 final downside target) was stopped out at $92.45.
3. Today’s (Mon., Sept. 15) Nov. crude oil completed the original forecast decline to $90.65 (and lower). Today’s session low has been $89.76, so far. This is an important downside completion. Will message any further entry or indication.
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.