09/15/2015 – Crude Oil
- September 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
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.