05/12/2016 – Copper
- May 12, 2016
- Copper
June copper:
1. In yesterday’s (Wednesday, May 11) Williams edge live meeting it was noted that a daily close above $209.40 in July copper could be bought (for the 2nd time) for a retest of $213.00.
2. The session closed at $209.80 (above $209.40). Today (Thursday, May 12) July copper advanced and completed the $213.00 profit target (today’s session high, $213.90, so far). 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.