08/04/2014 – Copper

Issued: 08/04/2014

September copper:

1. Today’s (Monday, Aug. 4) September copper effectively completed the forecast decline from $325 to at/near $319 noted in our Thursday, July 31 (and subsequent) reports. Today’s session low was $319.95.

2. Will message any further entry or indication in September copper as the market confirms.

David Williams

Issued: 07/31/2014

September copper:

1. In Wednesday’s (July 30) Williams edge live meeting it was noted that a daily close below $325 in September copper would indicate new short entry for a multi-day decline and test/attempt at $319 (or lower).

2. Wednesday’s session closed at $324.15 (below $325), indicating new short entry. Today’s (Thursday, July 31) session looks to close below $325, as well.

3. Partial short position exit should be taken at/near $321.50, the remainder at/near $319 noted in the original update.

4. An initial protective stop at $326.25. This stop will be lowered as the market continues to confirm.

David Williams

Issued: 07/31/2014

September copper:

1. September copper continues to react off the $325.00 shorting territory noted in Wednesday’s (July 30) Williams edge live meeting.

2. Our protective buy stop has been lowered to $325.00. This stop will continue to be moved lower as the market continues to confirm. Will update.

David Williams

Issued: 08/01/2014

September copper:

1. Today’s September copper market advanced and triggered our recently adjusted $325 protective buy stop, resulting in a small loss (less than 1 point/contract) on the position.

2. Subsequently, copper has continued the forecast decline and completed our original initial downside target at $321.50 (today’s session low, $321.05, so far).

3. As noted in the original July 31 update, the final downside target is at/near $319 (or lower). Will update as the market continues to confirm.

David Williams