11/29/2016 – Crude Oil

January crude oil:

1. In Mondays (December 28) Williams edge live meeting it was noted that while January crude oil had already tested $47.60 (that day’s swing high, $47.65) another test of $47.60 was expected on Thursday, December 1 (+/-1 day).

2. Subsequently, January crude oil declined sharply to $44.82 into Tuesday, November 29 and today (Wednesday, November 30) advanced powerfully and retested the $47.60 level (and significantly higher). This successfully completes the forecast/trade. Will message any further entry or indication in January crude oil.

David Williams