11/07/2014 – Crude Oil

Issued: 11/06/2014

Dec. crude:

1. Dec. crude remains inside our forecast longer-term decline. However, short-term, a tradable multi-day advance and test/attempt at $79-$79.50 into next week (week of Nov. 10) remains possible.

2. Any new entry based upon the above will be messaged in tomorrow’s/Monday’s (Nov. 10) session if the market confirms. Will update.

David Williams

Issued: 11/07/2014

Dec. crude oil:

1. In yesterday’s (Thurs., Nov. 6) Dec. crude oil report it was noted that crude oil (then trading at approximately $77.83) would likely advance and test $79/$79.50 into early next week.

2. Today’s (Fri., Nov. 7) session quickly advanced and completed the $79/$79.50 upside target (today’s session high, $79.25, so far).

3. Today’s upside price completion at $79/$79.50 does not negate the further advance into next week noted in the original update. Therefore, new long entry may be messaged later today/Mon. Nov. 10 for further test/attempt at the original target and possibly higher. Will update.

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.