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

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.