10/09/2014 – Crude Oil

Nov. crude oil:

1. Since July 30, 2014 our published forecast for crude oil was for a sharp decline from $97.66 to $84/$82. This represents a $13,000 per contract decline.

2. Today’s (Thurs., Oct. 9) Nov. crude oil session made a session low of $84.06, completing the decline. A test of the $82.00 (or lower) remains likely. Will message any further entry or indication in Nov. crude.

David Williams