10/14/2014 – Crude Oil
Nov. crude oil:
1. In Monday’s (Oct. 13) Williams edge live meeting it was noted that crude oil, then trading at approximately $84.00 would continue to decline to $82.80 or lower this week.
2. Today’s crude oil broke hard to the downside (currently down $4.00 on the day) and completed the $82.80 downside target (and lower).
3. Today’s completion of $82.00 completes our July 30, 2014 longer-term forecast for a decline from $97.66 to $84/$82. Will message any further entry or indication in 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.