04/29/2015 – Copper
May copper:
1. In yesterday’s (Wed., April 29) Williams edge live meeting it was noted that a daily close above $277.75 in May copper would place the market into a ‘Buy’ position for a quick advance to $283/$84.
2. Yesterday’s May copper session closed above $277.75 (at $278.70), indicating new long entry.
3. Today’s May copper advanced powerfully and completed the forecast $283/$84 upside target (today’s session high, $286.20, so far). This resulted in a successful trade. Will message any further entry or indication in May copper. PS we have now rolled into July 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.