10/24/2017 – Crude Oil
December crude oil:
1. In Fridays (10/20) Williams edge live meeting it was noted that any hourly close above $51.70 in December crude oil could be bought for a further advance to $52.20 upside profit target.
2. Subsequently, the hourly chart closed above $51.70 (at $51.84) indicating new long entry. December crude oil continued to advance and several hours later completed the $52.20 upside profit target (swing high, $52.24). This successfully completes the forecast/trade. Will message any further entry or indication in December crude oil.
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.