05/11/2016 – Copper
July copper:
1. In yesterday’s (Tuesday, May 10) Williams edge live meeting it was noted that a daily close above $209.40 in July copper would indicate a tradable advance to $213.00 into Friday, May 13.
2. July copper closed yesterday at $209.65 (above $209.40) and today (Wednesday, May 11) completed the forecast advance to $213.00 (today’s session high, $213.20,). This successfully completes the forecast/trade. Will message any further entry or indication in 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.