October crude oil:
1. On Friday, October 14 our Williams edge meeting indicated that November crude oil had not advanced as originally expected and that enough time it passed that a new down cycle was likely to hit the market and take it to $49.40/$30.
2. Subsequently, November crude oil declined and today (Monday, October 17) completed the $49.40/$30 downside target (today’s session low, $49.47). This successfully completes the forecast/trade. Will message any further entry or indication in October crude oil.