11/19/2014 – Crude Oil
Issued: 11/19/2014
Dec. crude oil:
1. Today’s Dec. crude declined of our earlier noted long entry at approx. $75.10 and triggered our protective sell stop at $74.40 resulting in an approximate $.70 loss on the position.
2. While today’s sharp decline is unusual behavior, it may not invalidate the original expected advance and test/attempt at $75.75 (or higher) into tomorrow, Thurs., Nov. 20 (+ 1 day). Will update in tomorrow session.
David Williams
Issued: 11/19/2014
Jan. crude:
1. Our previous crude report was indicated in Dec. crude. This was an error. The correct month is Jan. 2015 crude.
David Williams
Issued: 11/19/2014
Dec. crude oil:
1. Today’s Dec. crude declined of our earlier noted long entry at approx. $75.10 and triggered our protective sell stop at $74.40 resulting in an approximate $.70 loss on the position.
2. While today’s sharp decline is unusual behavior, it may not invalidate the original expected advance and test/attempt at $75.75 (or higher) into tomorrow, Thurs., Nov. 20 (+ 1 day). Will update in tomorrow session.
David Williams
Issued: 11/19/2014
Jan. crude oil:
1. Please disregard the previous update as our protective stop has not been hit in the Jan. crude oil contract as yet. We apologize for the inconvenience.
David Williams
Issued: 11/19/2014
Jan.. crude oil:
1. Today’s Jan.. crude declined off our earlier noted long entry at approx. $75.10 and triggered our protective sell stop at $74.40 resulting in an approximate $.70 loss on the position.
2. While today’s sharp decline is unusual behavior, it may not invalidate the original expected advance and test/attempt at $75.75 (or higher) into tomorrow, Thurs., Nov. 20 (+ 1 day). Will update in tomorrow session.
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.