12/01/2016 – Crude Oil
December crude oil:
1. In yesterday’s (Wednesday, November 30) Williams edge live meeting it was noted that hourly or daily closes above $49.20 in January crude oil should be bought for in advance to $50.90/$51 into Friday (+/-1 day).
2. Subsequently, January crude oil closed the day below $49.20 (at $48.98) but today (Thursday, December 1) got back above $49.20 on hourly closes and quickly advanced to complete the $51.00 upside target (today session high, $51.80, so far). The 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.