Issued: 08/13/2014
September copper:
1. In yesterday’s (Tuesday, Aug. 12) September copper report new short entry was indicated at either current prices ($314.75, aggressive entry) or at $315.50 (normal entry) for the forecast decline to $312.50 (or lower).
2. Subsequently, September copper made a swing high $315.75 (allowing normal short entry) before reversing and completing both the $313.50 initial and $312.50 final downside targets (today’s session low, $311.95, so far).
3. Any remaining short position should be held for the possibility of lower prices to be messaged in a subsequent update.
4. Our protective buy stop has been lowered to $314.50. This stop will continue to be lowered as the market continues to confirm.
David Williams
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Issued: 08/13/2014
September copper:
1. Our protective buy stop in September copper has been lowered to $312.50. This stop will continue to be moved lowered as the market continues to confirm.
David Williams
Issued: 08/14/2014
September copper:
1. We remain short September copper from either $314.75 (aggressive entry) or $315.50 (normal entry).
2. Copper has reached our next important profit-taking territory at $308.50. Therefore, further short position exit should be taken at/near current price levels (current price, $308.80).
3. Further decline remains possible with a test/attempt at $306.50 (or lower) for final aggressive exit.
4. Our protective buy stop has been lowered to $311.00. This stop will continue to be moved lower as the market continues to confirm.
David Williams
Issued: 08/12/2014
September copper:
1. Today’s September copper broke out below critical price levels ($315.50) which indicates lower prices, including a test/attempt at $1312.50/$00 (or lower) into tomorrow (Wed. Aug. 13 +/-1 day).
2. Aggressive can short copper at the market (current price $314.75). Others can sell short at/near $315.50.
3. An initial short position exit should be taken at/near $313.50. Further short position exit taken at/near $312.50. Any remaining position should be held for lower prices to be messaged in a subsequent update.
4. Initial protective buy stop should be placed at $316.70. This stop will be moved lower as the market continues to confirm.
David Williams
Issued: 08/17/2014
September copper:
1. Fridays (Aug. 15) September copper session continued it’s advance off the $308.50 downside target noted in our previous (Thursday, Aug. 14) report.
2. The market hit our recently lowered $311.00 protective buy stop, completing the trade. This resulted in a successful trade. Will message any further entry or indication as the market confirms.
David Williams