09/30/2014 – Crude Oil

Issued: 09/29/2014

Nov. crude oil:

1. As noted in today’s (Mon., Sept. 29) Williams edge live meeting, any further advance, test and daily close below $94.80 in Nov. crude oil will prompt new short entry for a tradable multi-day decline and test/attempt at $93.50/$40 (or lower). Today’s session high was $94.64.

2. Therefore, the market is at/near a critical juncture on the upside. Will update as the market confirms.

David Williams

Issued: 09/30/2014

Nov. crude oil:

1. In Monday’s (Sept.29) Williams edge live meeting (and subsequent report) it was noted that any further advance to $94.80 in in Nov. crude oil followed by an hourly or especially daily close below $94.80 would prompt new short entry for a tradable decline to $93.50/$40 (or lower).

2. Today’s Nov. crude oil session completed the $94.80 upside target/selling territory and closed the hour below that level, prompting new short entry for more aggressive traders.

3. Nov. crude declined quickly and completed the $93.50/$.40 downside target, completing the trade.

4. Any remaining short position should be held for the possibility of lower prices and a trend following final exit. Will message any further entry or indication as the market confirms.

David Williams