03/18/2015 – Copper
Issued: 03/18/2015
May copper:
1. From this point forward, continued hourly and especially a daily close above $259.00 places May copper into a ‘Buy’ position for a tradable multi-day advance and test/attempt at $264.50/$65 (or higher) into late this week/early next.
2. Aggressive can buy May copper at the market (current price, $261.50). Partial long position exit should be taken at/near $263.50, the remainder taken off at/near $264.50/$65.
3. Once long, a protective sell stop should be placed at $257.65. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 03/19/2015
May copper:
1. Our previous (Wed., Mar. 18) May copper report indicated that any hourly and especially a daily close above $259.00 would place May copper into a ‘Buy’ position for a tradable multi-day advance and test/attempt at $264.50/$65 (or higher) into late this week/early next.
2. Aggressive were instructed to buy May copper at the market (current price, $261.50). Partial long position exit were taken today at/near $263.50 and the remainder exited at/near $264.50/$65, resulting in a successful trade. Will message any further entry or indication in May copper.
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.