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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

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.