09/23/2015 – Crude Oil
- September 23, 2015
- Crude Oil
November crude oil:
1. In yesterday’s (Wednesday, September 23) Williams edge live meeting it was noted that any hourly or especially daily close below $45.30 would prompt new short entry in November crude oil for decline and test/attempt at $43.80 (or lower).
2. Traders short based upon the above indication entered the market between $44.90 (hourly entry) to $44.60 (daily entry). Today’s (Thursday, September 24) November crude oil session continued the decline and completed the $43.80 downside target (today’s session low, $43.71, so far). This successfully completes the forecast/trade. Will message any further entry or indication in November 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.