10/20/2015 – Crude Oil

Issued: 10/20/2015

December crude oil:

1. A daily close today (Tuesday, October 20) above $46.10 in December crude will be the earliest indication for a quick advance and test/attempt of $47.30/$40 into Wednesday, October 21 (+1 day).

2. Once long, a protective sell stop should be placed below $46.00 initially, until further market movement confirms. Will update.

David Williams

Issued: 10/21/2015

December crude oil:

1. Yesterday’s (Tuesday, October 20) December crude oil report indicated that a daily close above $46.10 in would be the earliest indication for a quick advance and test/attempt of $47.30/$40 into Wednesday, October 21 (+1 day).

2. However, Tuesdays October 20 session closed below $46.10, negating the trade and indicating lower prices. Will message any further entry or indication in December crude.

David Williams