10/17/2014 – Coffee
- October 17, 2014
- Coffee
Dec. coffee:
1. Our previous Oct. 9 Dec. coffee report indicated that a daily close below $223.00 in Dec. coffee would indicate a tradable decline and test/attempt at $210/$08 (or lower) into the week of Oct. 13.
2. Although the above trade was later canceled, Dec. coffee declined during the week of Oct. 13 (the current week) and completed the $210/$08 downside target (today’s session low, $208.50, so far). This completion encourages our further use of the coffee market in our Williams edge commodities forecast.
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.