12/18/2016 – Crude Oil

January crude oil:

1. In last Thursdays (December 15) Williams edge meeting it was noted that January crude oil (then trading at approximately $50.90) was expected to advance and test $51.80 (or higher) into Monday, December 19 (+/-1 day).

2. Subsequently, January crude oil retraced to $50.50 and then powerfully advanced to complete the $51.80 upside target expected into Monday, December 19 (today’s session high, $52.52, so far). This successfully completes the forecast/trade. Will message any further entry or indication in January crude oil.

David Williams