10/23/2015 – Crude Oil
Issued: 10/21/2015
December crude:
1. In today’s (Wednesday, October 21) Williams edge live meeting it was noted that today’s December crude had declined very close to $44.80 which is an important downside target (today’s session low, $44.86).
2. This led to the possibility of an important short-term advance to $46.35/$45 (or slightly higher) into Friday, October 23 (+/-1 day) then a reversal lower for completion of the $46.80 downside target into Monday, October 26 (+1 day).
3. Therefore, tomorrow’s (Thursday, October 22) December crude session is important and may prompt new long entry for the above-noted advance. Even if that advance is missed, the potential short entry from the completion of $46.35/$45 will itself result in a valuable trade. Will update as the market continues to confirm.
David Williams
Issued: 10/22/2015
December crude, Correction:
1. In Wednesday’s, October 21 Williams edge live meeting it was noted that Wednesday’s December crude had declined very close to $44.80 which is an important downside target (today’s session low, $44.86).
2. This led to the possibility of an important short-term advance to $46.35/$45 (or slightly higher) into Friday, October 23 (+/-1 day) then a reversal lower for completion of the $44.80 (this is the corrected number) downside target into Monday, October 26 (+1 day).
3. Therefore, tomorrow’s (Thursday, October 22) December crude session is important and may prompt new long entry for the above-noted advance. Even if that advance is missed, the potential short entry from the completion of $46.35/$45 will itself result in a valuable trade. Will update as the market continues to confirm.
David Williams
Issued: 10/23/2015
December crude:
1. In Wednesday’s, October 21 Williams edge live meeting it was noted an important short-term advance to $46.35/$45 (or slightly higher) was expected in December crude oil into Friday, October 23 (+/-1 day), then a reversal lower for completion of our $44.80 downside target into Monday, October 26 (+1 day).
2. Subsequently, crude oil advanced to $46.10 (unable to fully complete the $46.30 upside target) then reversed lower and today (Friday, October 23) completed the forecast $44.80 downside target (today’s session low, $44.20, so far).
3. While this 2 step roadmap did not allow for our intended short entry it is important nonetheless and may prompt new entry next week. Will update as the market continues to confirm.
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.