07/23/2014 – Coffee
September coffee:
1. In today’s (Wed., July 23) Williams edge live meeting it was noted that our forecast for September coffee to firm up above $167.55 and advance to $175.70/$80 was already underway.
2. During the meeting, September coffee was trading at approximately $173.00 with another $2.50 remaining in the trade. It was noted that coffee could be bought at the market for the completion of the $175.70/$80 upside target.
3. Shortly after this morning’s meeting September coffee completed the $175.70/$80 upside target, completing the trade. Will message any further entry or indication in the September coffee.
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.