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.