02/26/2016 – Copper

Issued: 02/26/2016

March copper:

1. Our previous (Thursday, February 25) report indicated that March copper was likely to extend it’s decline into Friday, February 26/ Monday, February 29 and test/attempt $205 (or lower). March copper was then trading at $207.75.

2. March copper declined to $206.05 before reversing substantially and advancing to $215.65. Given the conditions surrounding March copper this was an unusual move which produced an approximate 4 point loss on the entire position. Will message any further entry or indication in the March copper.

David Williams

Issued: 02/25/2016

March copper:

1. Today’s sharp decline in March copper is likely to extend into Friday, February 26/ Monday, February 29 and test/attempt $205 (or lower). March copper is currently trading at $207.75.

2. Further confirmation for short entry will occur upon hourly closes below $207.00.

3. Once short, a protective stop should be placed above $210. This stop will be moved lower as the market further confirms below $207. Will update.

David Williams