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03/18/2015 – Copper

Issued: 03/18/2015

May copper:

1. A daily close below $259.00 in May copper today (Wed., Mar. 18) places the market into a ‘Sell’ position for further decline and test/attempt at $254.50/$53.50 (or lower) into Friday, Mar. 20/Mon., Mar. 23.

2. Aggressive could short May copper at current prices (current price, $257.50) with the understanding that any daily close above $259.25 will prompt protective exit.

3. Partial short position exit should be taken at/near $255.00, the remainder held for the $254.50/$3.50 downside target.

4. Once short, a protective buy stop should be placed at $261.50. This stop will be moved lower as the market continues to confirm. Will update.

David Williams

Issued: 03/18/2015

May copper:

1. Our previous May copper report indicated that a daily close below $259.00 today (Wed., Mar. 18) would indicate a test/attempt at $254.50/$53.50 (or lower) into Friday, Mar. 20/Mon., Mar. 23.

2. Although May copper nearly completed the $254.50 downside target (today’s session low, $255.25) the market reversed powerfully and closed the day above $259.00, negating ordinary new short entry (today’s session closed at $261.35). 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.