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10/08/2014 – Crude Oil

Issued: 10/08/2014

Nov. crude oil:

1. Today’s Nov. crude oil made a session low of $86.83 before reversing and closing at $87.71.

2. Further decline and test of today’s $86.83 low is expected into Friday, Oct. 10 (+/-1 day). Will message any new short entry based upon this outlook as the market confirms.

David Williams

Issued: 10/09/2014

Dec. crude oil:

1. In yesterday’s (Wed., Oct. 8) Dec. crude oil report it was noted that Dec. crude was expected to decline and test $86.83 into Friday, Oct. 10 (+/- 1 day). Yesterday’s session closed at $87.71.

2. Today’s (Thurs. Oct. 9th) Dec. crude oil session declined sharply and completed the forecast $86.83 downside target and lower (session low, $86.59, so far). Lower prices remain likely, including the completion of our longer-term $84/$82 downside target expected into Nov. 2014. Will update.

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.