09/25/2017 – Crude Oil
November crude oil:
1. In Fridays (September 22) Williams edge live meeting it was noted that any confirmed breakout above $50.70 in November crude oil could be bought for a tradable advance to $51.50 or higher
2. Subsequently, November crude oil broke out above $50.70, closing hourly above that level and today (Monday, November 25) completed the majority of the $51.50 upside target (today session high, $51.43, so far). This completes the majority of 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.