10/19/2015 – Crude Oil
November crude oil:
1. In Fridays (October 19) Williams edge live meeting it was noted that while aggressive could consider long positions in November crude oil (based upon the recent daily bottom) all others were instructed to wait for the expected test of $46.00 into Monday, October 19.
2. Subsequently, today (Monday, October 19) November crude oil declined and completed the $46.00 downside target (and lower) placing the market near a critical juncture on the downside. Will message any further entry or indication in the incoming December crude oil contract.
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.