09/15/2015 – Crude Oil

Issued: 09/14/2015

October crude oil:

1. In today’s (Monday, September 14) Williams edge live meeting it was noted that a daily close above $44.20 was the stronger position in October crude and would indicate a test/attempt at $45.20 (or higher) into Tuesday, September 15 (+/-1 day).

2. Today’s session closed at $44.12, slightly below the $44.20 daily closing level. Although today’s daily close did not qualify for new long entry, any hourly or 2 hour close above $44.45 can be used by aggressive traders for new long entry.

3. Partial long position exit should be taken at $44.90, further exit at/near $45.10 and any remaining position held for higher prices to be messaged a subsequent update.

4. Once long, a protective sell stop should be placed at $43.95. This stop will be moved higher as the market continues to confirm. Will update

David Williams

Issued: 09/15/2015

October crude oil:

1. In yesterday’s (Monday, September 14) Williams edge live meeting it was noted that a daily close above $44.20 was the stronger position in October crude and would indicate a test/attempt at $45.20 (or higher) into Tuesday, September 15 (+/-1 day).

2. Any hourly or 2 hour close above $44.45 was indicated for long entry for aggressive traders. This entry occurred today at $44.52 (based upon hourly close above $44.45).

3. Partial long position exit was indicated at/near $44.90, further exit at/near $45.10 and any remaining position held for higher prices to be messaged a subsequent update. Today’s (Tuesday, September 15) October crude oil market attempted the $44.90 initial upside target (today’s session high, $44.87, so far).

4. Our protective sell stop has been raised to $44.00. This stop will be moved higher as the market continues to confirm. Will update

David Williams

Issued: 09/15/2015

October crude oil:

1. Our protective sell stop in October crude oil was hit today (Tuesday, September 15) at $44.00 Resulting in a breakeven/small loss on the entire trade (long from $44.52, partial exit at/near $44.90, remaining position stopped out at $44.00). Will message any further entry or indication in October crude oil.

David Williams