11/09/2014 – Crude Oil

Issued: 11/10/2014

Dec. crude oil:

1. In Friday’s (Nov. 7) Williams edge live meeting it was noted that any pullback in Dec. crude oil to $78.40 – $.20 should be immediately bought (no hourly close or other confirmation required) for further advance and test/attempt at $79.50 or higher into Tues., Nov. 11 (+/-1 day).

2. Subsequent to the meeting Dec. crude oil pulled back to $78.35 (the $78.40/$20 buying territory) prompting new long entry.

3. Traders long from the above exited partial long positions at/near $78.90 and the remainder exited at/near $79.50 in today’s session, both noted in our previous report. This completes the trade. Will message any further entry or indication in Dec. crude oil.

David Williams

Issued: 11/09/2014

Dec. crude oil:

1. In Friday’s (Nov. 7) Williams edge live meeting it was noted that any pullback in Dec. crude oil to $78.40 – .$20 should be immediately bought (no hourly close or other confirmation required) for further advance and test/attempt at $79.50 or higher into Tues., Nov. 11 (+/-1 day).

2. Subsequent to the meeting Dec. crude oil pulled back to $78.35 (the $78.40/$20 buying territory) prompting new long entry.

3. Traders long from the above should exit partial long positions at current prices (current price $78.76. Further long position exit should be taken at/near $78.90 and the remainder held for the forecast test/attempt at $79.50 into Tues., Nov. 11 (+/-1 day).

4. Protective sell stop should be placed at $78.20. This stop will be moved higher as the market continues to confirm.

David Williams