10/13/2017 – Crude Oil
November crude oil:
1. In Thursdays (10/12) Williams edge live meeting it was noted that hourly or daily closes above $50.95 in November crude oil would indicate a tradable advance to $51.70/$.80.
2. Subsequently, hourly closes above $50.95 occurred (at $51.00) indicating new long entry. November crude oil then quickly advanced to the $51.70/$.80 upside profit target (swing high, $51.72). 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.