January crude oil:
1. In yesterday’s (Wednesday, December 7) Williams edge live meeting it was noted that barring a decline to $48.50 in January crude oil, the market would reverse up and test $50.40 (or higher) into Friday, December 9 (+/-1 day).
2. Subsequently, January crude oil made a low at $49.61 and quickly reversed higher and today (Thursday, December 8) completed the $50.40 upside target (today’s session high, $50.71, so far). This successfully completes the forecast/trade. Will message any further entry or indication in January crude oil.